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JPMorgan Makes Public Blockchain Debut with Tokenized Treasuries Settlement
JPMorgan Makes Public Blockchain Debut with Tokenized Treasuries Settlement
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JPMorgan Chase has executed its first public blockchain transaction, bridging traditional finance with digital asset infrastructure. The testnet transaction in early May settled tokenized U.S. Treasuries across hybrid private-public networks, signaling a strategic pivot from its longstanding focus on permissioned systems.
The bank’s blockchain division, Kinexys, facilitated the transfer between accounts on its proprietary Kinexys Digital Payments network to complete the treasury purchase. This MOVE underscores Wall Street’s accelerating embrace of blockchain’s settlement efficiencies, even as regulatory clarity remains in flux.
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