Nikhil Sharma, Executive Director, Head of Growth, Kinexys Digital Assets (J.P. Morgan’s digital assets platform), said on LinkedIn:
2025 – here we go! First EUR Intraday and Term Repos Executed on Digital Financing/Kinexys Digital Assets with Banco Santander! 🚀💶
J.P. Morgan and Banco Santander SA have successfully executed their first EUR intraday repos and a USD term repo on the Digital Financing Application via Kinexys Digital Assets. While J.P. Morgan and Santander have been actively trading through this application since the start of 2024, this marks a significant milestone with the inclusion of EUR and term USD trades. The USD and EUR repo trades were collateralized by tokenized US Treasuries and European Govt bonds held at JPMorgan Triparty. 🎉.. Kudos to everyone involved and huge thanks to our friends at Santander!
Kinexys Digital Assets, J.P. Morgan’s digital assets platform, supports innovative financial applications with tokenized assets. One such application is Digital Financing, developed by our Markets business, which facilitates secured borrowing and lending through repos by enabling near-simultaneous settlement of tokenized assets and cash. Since its launch in 2020, the application has processed over $1.6 trillion in volume, enhancing precision and transparency in repo settlements. 🔄💰
Expanding into additional currencies and trade tenors underscores our belief in the transformative power of blockchain technology, particularly the programmable, atomic delivery vs. payment settlement abilities at scale—a hallmark of Kinexys Digital Assets. Cash and assets move together on our unified ledger, with cash held in blockchain deposit accounts via the Kinexys Digital Payments system. 🔗📈
What’s next? We aim to forge ahead with our clients and stakeholders, addressing funding mismatches and leveraging our solution to meet funding needs. With each milestone, we expand the utility of the Digital Financing application and our platform as a whole. The journey continues with full vigor! 🚀🌟
Source: LinkedIn
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