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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 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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Wall Street’s $359 billion-a-day repo market has found a use for blockchain
Görsel: CryptoSlate

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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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