Big banks and other finance firms see big promise in using blockchain technology in crucial funding markets.
Illustration by Arif Qazi
Cryptocurrencies
Wall Street Puts Blockchain to Work in $13 Trillion Repo Market
JPMorgan Chase & Co. spent hundreds of millions of dollars over the course of more than a decade developing systems using blockchain, a novel technology that was supposed to radically upend financial markets, but has yet to become a game-changer.
In at least one area, though, the bank and the technology are beginning to make progress: repo.