Tokenized Repo Moves Market Plumbing Toward Near-Instant Settlement
Major repo market participants are shifting core settlement infrastructure onto distributed ledgers, using tokenized cash and securities to compress settlement windows and reduce counterparty risk. The change marks a structural upgrade to financing-market plumbing, with platforms such as JPMorgan’s Kinexys, Broadridge’s DLR and the Canton Network already processing large volumes through pilots and early deployments.