365Crypto
JPMorgan is moving into crypto trading. Custodying crypto is not happening yet, but trading services are in development.
Scaling Blockchain Exposure
Scott Lucas, JPMorgan’s global head of markets and digital assets, said the bank wants to offer trading for cryptocurrencies. Custody is off the table for now.
Lucas emphasized an “and” approach: the bank sees opportunities in existing markets and new blockchain projects. JPMorgan’s partnerships with Coinbase show its broader engagement.
Dimon Changes Tune
CEO Jamie Dimon, once a crypto skeptic, now sees value in stablecoins and blockchain technology. This shift is influencing JPMorgan’s new strategy.
JPMD and Institutional Services
Lucas highlighted JPMorgan’s deposit token, JPMD, launched on Base. The token could help service institutional clients and support stablecoin-related offerings.
Multiple Blockchain Opportunities
JPMorgan doesn’t see a single network dominating. Multiple layer-1 blockchains offer opportunities, and the bank plans to explore them in the coming quarters.
