Last month, an exciting collaboration between JP Morgan, HQLAX, Ownera and Wematch.live was showcased at the RMA Securities Finance & Collateral Management Conference in Amelia Island, FL. The session provided an inside look at how we are working together to develop an end-to-end solution for digitising securities finance workflows. 

The goal is to enable the seamless execution of repurchase (repo) transactions on the Wematch trading platform, with delivery-versus-payment (DvP) settlement across distributed ledgers operated by HQLAX and JP Morgan.

Here’s how it works:

Trading Parties

• Use the Wematch platform to manage on-chain asset balances and negotiate repo transactions
• Agree to terms and execute trades on Wematch

Settlement

• At the agreed settlement time, ownership of the collateral (securities) is recorded on the HQLAX ledger
• Simultaneously, the cash leg is settled on JP Morgan’s Digital Financing ledger 

Connecting the Platforms

• Ownera provides the FinP2P network to connect Wematch, HQLAX, and JP Morgan
• This allows the platforms to communicate settlement status in real-time
• FinP2P handles routing of messages between the different ledgers

Key Benefits

• Reduces settlement risk via true DvP settlement of cash and securities
• Increased efficiency through digitized, automated workflows
• Enables precise timing for settlement and maturity
• Improves transparency across the trade lifecycle

By leveraging DLT and interoperability, this solution sets a new standard for innovation in securities financing. The recent demo provided a glimpse into the future of digitized finance. 

Kudos to our partners, HQLAX, Ownera and JP Morgan for this collaborative achievement! To learn more, reach out

Picture Credit: Photo by Brien Scott from Burst

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