सीईओ द्वारा क्रिप्टो को 'पोंजी' के रूप में ट्रैश करने के बाद जेपी मॉर्गन ने डेफी में प्रवेश किया

ऋणदाता की गोमेद इकाई पायलट प्रोजेक्ट में टोकनयुक्त मुद्राओं के लाइव ट्रेडों को निष्पादित करती है

JPMorgan Chase & Co., the No. 1 U.S. bank and a charter member of Wall Street’s financial establishment, has gone DeFi.

Or at least, one of its blockchain-focused units has. 

On Nov. 1, the New York-based lender’s Onyx unit executed trades in a new project launched in Singapore. Along with DBS Bank, and SBI Digital Asset Holdings, Onyx conducted live foreign exchange swaps of tokenized जापानी येन (JPY) और सिंगापुर डॉलर (SGD). 

Wholesale Funding

In addition, transactions involving tokenized Singapore government securities bonds and Japanese government bonds were simulated, according to a और . The pilot program is part of Project Guardian, an initiative backed by the Monetary Authority of Singapore, the Asian city-state’s central bank. The project aims to explore DeFi applications in wholesale funding markets.

Project Guardian deployed on Polygon, a Proof of Stake scaling solution for Ethereum, to minimize transaction costs. As it rolls out, Project Guardian plans to work with other blockchain networks, according to Ty Lobban, who works on Web3 products at Onyx.

निवेशकों ने एलयूएसडी चिकन बॉन्ड्स में $28 मिलियन का निवेश किया

तरलता प्रोटोकॉल-स्वामित्व वाली तरलता को लगभग $500,000 तक बढ़ा देती है

परियोजना तैनात a modified version of आवे आर्क, the leading DeFi money market’s permissioned offering for institutional investors, and proceeded to create a token representing Singapore Dollar deposits in JPMorgan (JPM SGD). The bank has $3.8T in assets.

“The live pilots led by industry participants demonstrate that with the appropriate guardrails in place, digital assets and decentralized finance have the potential to transform capital markets,” said Sopnendu Mohanty, Chief FinTech Officer at MAS.

अच्छा जीत

The involvement of JPMorgan Chase is striking given that Jamie Dimon, the lender’s CEO, has long pilloried crypto as a fraud. Just last month, he बुलाया crypto tokens “decentralized Ponzis” while acknowledging some potential benefits of blockchain technology.

कॉइनबेस की 1.5% एपीवाई बैंकों द्वारा दी जाने वाली बचत दर का आधा है

यह पेशकश मेकरडीएओ के साथ पिछले सप्ताह की साझेदारी के बाद आई है

“As a heavily regulated bank, we cannot enable money laundering and must undertake KYC. Using VCs & allowlists was crucial for enabling us to use DeFi pools with certainty on these points,” Lobban लिखा था, referring to know-your-customer checks.

It’s also a nice win for Aave, which has been cultivating business among institutional investors as part of its आर्क उद्यम। 

Adoption Wide Open

Almost 90% of global institutional investors are comfortable with digital representations of cash using blockchain-based technology and want to invest in tokenized assets, according to a रिपोर्ट co-authored by the pilot’s participants and the Oliver Wyman Forum.

The report goes on to note that while the road to institutional adoption is wide open, further work needs to be done in areas including legal recourse mechanisms in case of disputes, meeting KYC and AML requirements, and promoting common industry standards to facilitate interoperability.