JPMorgan Didn’t Fight Blockchain—It Hired It
Wall Street once braced for a wave of disruption as blockchain promised to bypass banks entirely. Instead, the financial institutions are leading the charge.
JPMorgan Chase & Co. (NYSE:JPM), the world’s largest bank, has emerged as a pioneer, processing billions daily on a blockchain and building tools that could reshape global finance.
JPMorgan Embraces Blockchain
In a note shared on Thursday, Wall Street veteran Ed Yardeni praised the transformation of legacy institutions as they embrace innovation rather than fighting it.
“Traditional banks are moving swiftly into the future,” Yardeni said, calling JPMorgan’s blockchain push a clear sign that established players are adapting to the digital era with surprising speed.
That shift is playing out most visibly at JPMorgan through its Kinexys division, a blockchain-based platform built for real-time, programmable payments and asset tokenization.
Kinexys already processes about $3 billion in daily transactions, JPMorgan said.
What Does JPMorgan’s Blockchain Actually Do?
Kinexys enables institutional clients to transfer funds 24/7 on a private blockchain, eliminating the need to pre-fund accounts or rely on traditional credit lines. Payments can be automated, programmable, and settled instantly across borders.
While $3 billion …
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