Banco Santander and J.P. Morgan have executed their first EUR intraday and USD term repos on the Kinexys Digital Assets platform.
The trades were collateralized by tokenized US Treasuries and European Govt bonds held at JPMorgan Triparty.
The Digital Financing application by Kinexys Digital Assets facilitates secured borrowing and lending through repos, with over $1.6 trillion processed in volume since its launch.
The next steps involve addressing funding mismatches and expanding the utility of the Digital Financing application.