Major Financial Firms Accelerate Blockchain Adoption Ahead of 2024
Major financial institutions such as JPMorgan and HSBC are increasing their blockchain-related activities ahead of schedule, accelerating the adoption of distributed ledger technology in traditional finance. In November, JPMorgan made its first decentralized finance trade on a public blockchain and introduced programmable payments for its institutional blockchain platform, JPM Coin. JPMorgan Chase and Apollo executives also revealed plans for a tokenized enterprise mainnet. HSBC has also been active, testing tokenized deposits with Ant Group and partnering with Ripple-owned tech firm Metaco to hold tokenized securities on its new custody platform. The growing interest from major financial companies indicates that the potential of DLT is gaining momentum, with some seeing a pathway to re-engineering global financial markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Joe Biden Takes Another Stab at the Cryptocurrency Market – But There’s One Thing He Doesn’t Know
US President Joe Biden has made a new move that will affect the cryptocurrency market just a short time before he leaves office.
Famous Millionaire Raoul Pal Said "The Long-Expected Altcoin Rally Is On Its Way", Shared What He Expects Next!
Real Vision co-founder and CEO Raoul Pal explained his expectations for Bitcoin and altcoins.
What Will Happen to XRP Price After Trump? What to Expect if a New SEC Deal is Made?
Analysts have assessed what could happen to the XRP price if a crypto-friendly SEC takes office.
PAW, HEX, and BLUR: What Makes Them Stand Out in a Volatile Market?
Trending news
MoreCrypto prices
More
