NYSE:JPMBanks
JPMorgan Chase Targets Tokenized Payments And Private Credit For Future Growth
JPMorgan Chase (NYSE:JPM) is co-leading a U.S. banking consortium to launch a shared tokenized deposit network using blockchain for instant settlement and programmable payments.
The consortium effort is positioned as a direct challenge to stablecoins and crypto native payment rails as banks move to build their own tokenized infrastructure.
In parallel, JPMorgan is reportedly exploring a sizable push into private credit, including a potential multi billion dollar deal for a platform such as...