6 hours ago
Global banking elephantine JPMorgan Chase has filed a trademark exertion for a caller crypto-focused level branded arsenic JPMD, signaling that the slope is pushing deeper into integer assets.
According to the application filed connected Sunday to the U.S. Trademark and Patent Office, JPMD volition connection services specified arsenic "providing trading, exchange, transfer, and outgo services for integer assets" and "issuance of integer assets."
The bank's moves travel arsenic accepted fiscal institutions see stablecoin issuance and plus managers contented crypto concern products and research plus tokenization.
JPMorgan CEO Jamie Dimon, who has agelong criticized cryptocurrencies, said past period the slope volition allow its clients to bargain bitcoin BTC. The slope precocious added BTC ETFs for indebtedness collateral for customers, and was besides mentioned among the U.S. banks that reportedly held discussions astir launching a stablecoin.
JPMorgan operates a backstage blockchain payments web Kynexis that processes much than $2 cardinal successful regular transaction volume.
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