Wall Street’s $359 billion-a-day repo market has found a use for blockchain
Wall Street has found a use for blockchain that involves neither memecoins nor replacing the banking system. It's now helping institutions borrow billions between breakfast and lunch, usually because they have government...
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Wall Street has found a use for blockchain that involves neither memecoins nor replacing the banking system. It's now helping institutions borrow billions between breakfast and lunch, usually because they have government bonds but not enough cash when a payment comes due. Getting a bill paid on time might be the technology's least glamorous selling…
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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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