Wall Street deploys blockchain for $13 trillion repo market; JPMorgan leads settlement acceleration
JPMorgan and major Wall Street banks are piloting blockchain-based settlement in the $13 trillion US repo (repurchase agreement) market, aiming to reduce settlement times from T+2 to near-real-time and cut intermediary friction. Bloomberg reports the move reflects fintech pressure and Fed support for DLT in fixed-income markets.
For CIOs in banking/asset management, this signals 18–36 month timelines for enterprise blockchain adoption in custody and clearing; companies must audit third-party risk and validator governance models before committing to new settlement infrastructure.