Blockchain is intended to break down silos, but in a multi-DLT world, the challenge is enabling different networks to interact to prevent new ones. HQLAX, JP Morgan, Ownera and Wematch simulated a cross chain delivery versus payment repo transaction. JP Morgan is an investor in all three of the other platforms.
The security was on the HQLAX ledger that uses the enterprise blockchain R3 Corda, and the cash used for settlement was JP Morgan’s, which uses the Quorum permissioned DLT.
With the trade logged on WeMatch, Ownera’s FINP2P routing solution connected the two ledgers for both the payment and securities leg and with Wematch for visibility.
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