NEW YORK: Goldman Sachs Group Inc has joined the blockchain-based network created by JPMorgan Chase & Co for repurchase agreements that use smart contracts and a digitised version of the US dollar.
Its first trade came on June 17, when it swapped a tokenised version of a US Treasury bond for JPMCoin, JPMorgan’s internal representation of a digital dollar, according to Mathew McDermott, global head of digital assets for Goldman’s global markets division. He declined to give the value of the trade.
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