Penn State entered the seventh week of the college football season undefeated and ready to take on UMass as the No. 6 ranked team in the latest Associated Press Top 25 Poll.

Nittany Lions head coach James Franklin prepares meticulously for anything opposing offenses and defenses throw at him on the football field. On Tuesday, however, it did not appear that Franklin was ready for the question he received during his media availability.

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James Franklin of the Penn State Nittany Lions is seen during the game against the Illinois Fighting Illini at Memorial Stadium on Sept. 16, 2023 in Champaign, Illinois. (Michael Hickey/Getty Images)

Franklin was asked whether he considered having quarterback Drew Allar take a shot deep to get more comfortable with those scenarios instead of checking the ball down to make a safer play.

“I don’t really understand what you’re saying because we would never, like my skin is curling when you say just drop back and chuck it deep no matter what,” Franklin said. “That is like, I don’t even know what you’re saying. Like, you’re speaking from Mars.”

The reporter clarified by asking whether Franklin would give a receiver a chance to make a play on the ball even if he “might be covered 30 yards down the field maybe you think he’d be open 45 yards down the field” like other wide receivers from Penn State’s past have done.

Drew Allar, #15 of the Penn State Nittany Lions, throws a pass against the Northwestern Wildcats during the first half at Ryan Field on Sept. 30, 2023 in Evanston, Illinois. (Michael Reaves/Getty Images)

WHAT COLLEGE FOOTBALL FANS LEARNED FROM A WILD WEEK 6

“Like you’re speaking Japanese. We have never done that. Just throw the ball up and maybe he’ll be open and maybe he’ll catch it,” Franklin explained. “You’re making me uncomfortable. I don’t know what you’re talking about. So yeah, we would not do that.

“We’ve never thought about doing that — as a head coach, as an offensive coordinator, as a receivers coach. When I coached the receivers I didn’t want them to do that. So no. No. Strong no.”

Penn State is 5-0 this season. Allar has 1,092 passing yards and nine touchdown passes this season.

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James Franklin celebrates with players after a touchdown against the Delaware Fightin Blue Hens during the first half at Beaver Stadium on Sept. 9, 2023 in State College, Pennsylvania. (Scott Taetsch/Getty Images)

Keandre Lambert-Smith leads Penn State with 25 catches for 372 yards and three touchdowns. Tyler Warren has 14 catches for 115 yards and four touchdowns.

Ryan Gaydos is a senior editor for Fox News Digital.

JPMorgan debuts tokenization platform TCN with BlackRock among key clients: Report

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Reporters News Wire

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October 11, 2023

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American banking giant JP Morgan debuted its in-house blockchain collateralization platform called Tokenized Collateral Network (TCN) on Oct. 11, reported Bloomberg. TCN settled its first trade for asset management giant BlackRock.

Tokenized Collateral Network is an application that allow investors to utilize assets as collateral. Using blockchain technology they can transfer collateral ownership without moving assets in underlying ledgers.

The TCN network in its first public collateralized trade between JP Morgan and BlackRock turned shares of one money market fund into digital tokens, which were then transferred to Barclays Plc as security for an over-the-counter derivatives exchange between the two companies.

The first internal test of TCN was conducted by JPMorgan in May 2022 and has a pipeline of other clients and transactions now that TCN is live. JP Morgan’s tokenization network was launched with the aim to streamline and scale the process of settling traditional settlements on a blockchain. The use of decentralized technology made the process faster, more secure and more efficient.

According to Tyrone Lobban, head of Onyx Digital Assets at JPMorgan, the new TCN platform unlocks capital that has been locked up and allows it to be used as collateral in ongoing transactions, the technology would boost efficiency at scale. The platform makes it possible to create, transfer, and settle tokenized traditional assets. The tokenization platform allows for the movement of collateral nearly instantly as opposed to other methods used earlier.

The blockchain platform makes way for clients to access intraday liquidity through a secured repo transaction using tokenized collateral, rather than depending on expensive unsecured credit lines. External clients who agree to the blockchain trade have their own node using which they can settle the trade and access other reports.

The American banking giant has come a long way from its early days of criticism for the decentralized world and is currently actively involved in testing and launching various blockchain and crypto-centred services amid growing demand. The bank used a blockchain-based solution to settle trades with Indian banks in June earlier this year.

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