Summary
- It was reported that State Street has joined JPMorgan's blockchain-based bond issuance and settlement system.
- With this participation, State Street announced it will serve as a custodian for Singapore OCBC Bank’s commercial paper trading.
- Clients’ bonds will be managed as digital wallets, which will be operated on JPMorgan's Kinexys system.
According to cryptocurrency-focused media outlet CoinDesk on the 21st (local time), State Street has joined JPMorgan's blockchain-based bond issuance and settlement system.
State Street participated as a custodian in Singapore's OCBC Bank commercial paper transaction through the Digital Debt Service.
The bonds held by clients will be managed in the form of digital wallets, and these wallets are operated on JPMorgan's blockchain settlement system, Kinexys.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
