Wall Street adopts blockchain for daily repo market operations

Community Trust Score Verified 90 % Real Verified 10 votes Updated 6 minutes ago Wall Street institutions are now using blockchain technology to facilitate borrowing in the daily repurchase agreement, or repo, market, which sees $359 billion in volume each day. This application of the technology allows firms to secure short-term loans, typically occurring between breakfast and lunch, to cover immediate payment obligations. The primary driver for this blockchain-enabled borrowing is a common liquidity mismatch. Institutions often hold government bonds as collateral but lack sufficient cash on hand when a payment comes due.