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.
Join the more than 4 thousand ambitious entrepreneurs & investors hellbent on making our mark on the world. Subscribe today to become a Market Mover. Make better business & investment decisions with our daily curation service.
This post is for Market Movers Digest members only.
Subscribe below to get access to this post.