J.P. Morgan, HQLA-X and Ownera Launch Intraday Repo Solution, With $5bn Traded in the First Month

Written By Meghan Byrnes-Borderan

LONDON, UNITED KINGDOM, August 7, 2025 - J.P.Morgan, HQLA-X and Ownera announce the launch of their cross-ledger repo solution. Repo traders are now able to exchange cash at J.P. Morgan and collateral at HQLA-X intraday, with settlement and maturity times specified to the minute.

While digital solutions have recently gained market prominence, there is a need for interoperability and precise cash and securities settlement. Ownera’s market leading routing technology has allowed J.P. Morgan and HQLA-X to orchestrate the full lifecycle of Repo transactions, from execution through to the delivery-versus-payment (DvP) exchange of collateral and cash across ledger platforms with precise settlement, which can help repo participants optimize their intraday liquidity. Ownera’s routers connect market participants peer-to-peer using the open FinP2P protocol, delivering application-layer orchestration across digital platforms.

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Meghan Byrnes-Borderan

Meghan leverages the art of design, technology & branding to tell stories and create meaningful experiences. She's currently based in New York City where she's an Art Director at Capco. When she's not dreaming up new designs, she's training for marathons, chasing after her toddler and learning to speak French.

http://www.bbcreative.co
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