Earlier this month, J.P Morgan and Broadridge announced that JPM Coin, the Onyx-division solution for cash on Distributed Ledger Technology, would be available as a settlement mechanism for Broadridge’s Distributed Ledger Repo (DLR) platform. Having a viable cash equivalent for settling digital transactions is an important step forward for adoption of digital collateral markets generally, although there still may be issues that need sorting out. Here’s why cash-on-chain matters and what users might expect next.
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