Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance
“A whole new set of competitors is emerging based on blockchain,” said Dimon in his annual letter to shareholders.
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Tokenization
“A whole new set of competitors is emerging based on blockchain,” said Dimon in his annual letter to shareholders.
The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app.
The stablecoin incubator is targeting tokenized assets tied to AI hardware, energy and housing to move Sky’s ecosystem beyond “circular” crypto yields.
In his annual letter, BlackRock CEO Larry Fink argues that digital wallets and tokenized assets could modernize markets and expand investor access.
Nasdaq’s structure the SEC approved opens door to bring blockchain benefits to equities, while preserving the same-old intermediaries and market structure, industry insiders say.
ETP market giant Flow Traders just launched 24/7 over-the-counter (OTC) liquidity service for tokenized assets.
The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.
The race for the “everything exchange” makes Wall Street operators and crypto exchanges rivals and partners at the same time.
The Vienna-based crypto broker eyes emerging markets, teaming up with institutions rather than competing with local exchanges, said Vishal Sacheendran, VP of global markets strategy and operations.
LITRO aims to modernize the $6 trillion oil market by replacing slow, paper-based settlement with 24/7, on-chain trading and redemption.