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Benzinga
Benzinga
Business
Shiv Juneja

JPMorgan Chase's Blockchain Unit Plans To Bring Trillions Of Dollars In Tokenized Assets To DeFi

DeFi JPM JPMorgan Chase decentralized finance

JPMorgan Chase (NYSE:JPM) plans to tokenize institutional funds and have decentralized finance (DeFi) developers capitalize on non-virtual assets.

What Happened: Tyrone Lobban, head of Onyx Digital Assets at J.P. Morgan, discussed the plans at the CoinDesk's Consensus 2022 event in Austin, Texas. The goal is to link traditional and virtual assets by tokenizing institutional money (i.e., money market funds or US treasury funds).

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