JPMorgan Slams DeFi & Tokenization: ’Growth Still Falling Short’ in 2025

Wall Street’s crypto skeptics strike again—JPMorgan just threw shade at decentralized finance and asset tokenization for underwhelming adoption. Here’s why their take misses the bigger picture.

The Glass-Half-Empty View

Traditional finance giants keep measuring DeFi by their own legacy yardsticks—liquidity depth, institutional participation, regulatory compliance. Spoiler: that’s not where the revolution happens first.

Tokenization’s Stealth Ascent

While JPMorgan frets over growth metrics, real-world assets (RWAs) are quietly getting digitized at a 58% annual clip. But sure, call it 'disappointing' when it doesn’t fit your quarterly earnings report.

The Cynic’s Corner

Nothing warms a banker’s heart like dismissing innovations that could eat their lunch. Maybe try competing instead of complaining?