JPMorgan Executes Its First DeFi Trade

• 3 min read
JPMorgan Executes Its First DeFi Trade

THIS WEEK IN CRYPTO

  • JPMorgan executes its first DeFi trade using public blockchain. Banking giant uses Polygon and modified Aave* for live trade. The bank issued tokenized S$100,000 ($71,000) as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance in the banking sector, then traded it for tokenized yen with Japan’s SBI Digital Asset Holdings.
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