The companies say the offering will increase post-trade efficiencies while providing clients with the benefits of an established risk management counterparty
The authorisation specifically applies to the company’s execution management system in reaction to security tokens and derivatives, which allows clients to connect to and trade on global crypto exchanges and over-the-counter venues
As part of the initiative, BlackRock and Barclays are now live on TCN, an application which sits on J.P. Morgan’s Onyx Digital Assets platform, operating as a private blockchain