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Fortune
Fortune
Sheryl Estrada

JPMorgan’s public blockchain move could set a new standard for institutional finance

Signage is displayed outside a JPMorgan Chase & Co. office building (Credit: Getty Images)

Good morning. Many of the world’s largest banks are actively developing and piloting blockchain projects, and JPMorgan Chase has made a big move.

For years, JPMorgan has quietly built its own blockchain technology, opting for a “walled garden” approach by creating a private network accessible only to its customers. But, as my Fortune colleague Ben Weiss reports, JPMorgan is now venturing beyond those walls. On Wednesday, the bank announced it settled a transaction on a public blockchain, partnering with crypto firms Chainlink and Ondo Finance to make it happen.

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