JPMorgan Launches Tokenization Platform - First Trade Settled With BlackRock. JPMorgan has introduced its blockchain-based tokenization platform, known as the Tokenized Collateral Network (TCN). The application was developed in-house and recently settled its first trade for asset management heavyweight BlackRock. TCN leverages blockchain technology to allow investors to use traditional assets as collateral more efficiently. In the inaugural transaction between JPMorgan and BlackRock, shares of a money market fund were tokenized and transferred to Barclays bank as security for an over-the-counter derivatives exchange. The platform was initially tested internally by JPMorgan in May 2022 and has now gone live, offering a pipeline of transactions for other clients. One of the key advantages of TCN is that it significantly streamlines and scales the traditional settlement process. By using decentralized technology, the process becomes quicker, more secure, and efficient. According to Tyrone Lobban, head of Onyx Digital Assets at JPMorgan, TCN has the potential to unlock capital and utilize it as collateral in ongoing transactions. The application enables the near-instantaneous movement of collateral, contrasting sharply with earlier, slower methods. Moreover, it allows clients to access intraday liquidity via secured repo transactions using tokenized collateral, reducing the need for expensive unsecured credit lines. Clients who participate can have their own node for settling trades and accessing reports. This development marks a pivotal moment for JPMorgan, which has transitioned from being skeptical about the decentralized world to actively testing and launching various blockchain and crypto-centered services.

Argh. So hard to decide which project to cover after our upcoming Chainlink $LINK video.... Please help! Which are the hottest projects that people are thinking about rn?

Binance CEO CZ In Discussions To Step Down As Criminal Investigation Ends Source: Forbes | Coins: BNB

Notice the SEC still hasn't listed $dot as an unregistered security in any of their enforcement actions yet? Like I said before, you can agree or disagree with the SEC all you want. But at the end of the day as long as they think these are unregistered securities they're going to have years of Court appearances to try to fight it (like XRP) before they can be used by any real companies. $dot isn't a security, it's software

Crypto Banter listened to the community and withdrew proposal 401 🙂 They will reapply through marketing bounty once it's ready. Terms and costs will be renegotiated This is a great victory for Polkadot 👏 polkadot.polkassembly.io/ref…

The whales have come to AYE Crypto Banter's incredibly unreasonable Ref. 401 asking for $300,000 worth of $DOT for just 3 months worth of coverage. Us guppies are still fighting and more NAYs are trickling in. But we need 9.7 million more NAYs in 4.5 days to overturn. Can we do it? Please vote NAY and amplify this post. polkadot.polkassembly.io/ref…

Let's go!!!! The Nay reinforcements have arrived!!

Guess who’s next?

Hello $DOT community! As promised, I have refunded the Referendum 218 funds to the treasury, minus 1 $DOT for the submission deposit which I had lost as a matter of launching this referendum. The total amount refunded is 1958.93 DOT This is the transaction proof: polkadot.subscan.io/extrinsi… A comment will also be added to the relevant Polkassembly referendum to reflect the action.

We just need another 4m votes of Nay in #401.... let's do it community of @Polkadot

The Terra blockchain was officially halted at a block height of 7603700. lcd.terra.dev/blocks/latest Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.