• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

JPMorgan forecasts increased blockchain use in finance

by Reshab Agarwal
May 27, 2022
in Crypto, News
Reading Time: 2 mins read
0
JPMorgan replaces real estate with crypto
TwitterWhatsappLinkedin

JPMorgan forecasts increased blockchain use in finance and is also preparing to offer services related to it. They have started using blockchain for collateral settlement recently. The pilot transaction took place on 20th May with BlackRock’s asset and was successful. The firm sees more potential in the industry as the crypto market grows.

You might also like

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

Indian Defence Forces Granted Emergency Procurement Powers Amid Operation Sindoor

JPMorgan on the use of blockchain in finance

JPMorgan has become very bullish about the future of crypto and the use of blockchain. The firm has recently given a $38k price target for Bitcoin in the short term and $150k in the long term. And then, it also announced the use of blockchain for collateral settlement after market hours. Implementing blockchain will also allow for a wider variety of assets to be used as collateral and make operations smoother.

JPMorgan forecasts increased blockchain use in finance
Image Source: The Financial Express

Currently, tokenized collaterals are limited to derivatives, securities, and repo trading. But very soon, JPMorgan will also expand it to equities, fixed income, and other types. The head of JPMorgan’s Blockchain Launch team said that with time they plan to connect institutional investors with decentralized finance.

Their aim as a firm will not only be to provide needed support but also all the related services that are required with the use of blockchain in finance.

Metaverse

A while back, JPMorgan opened its first bank in the Metaverse in Decentraland. While the digital bank they opened there didn’t have much to do, the firm believes that the Metaverse will become a trillion-dollar market in the future. This will include advertising, digital events, and many similar things. It can also make its way into banking, but it’s difficult to say how that will be implemented.

Jamie Dimon is still not that bullish on crypto

It’s very rare when you see the views of a company contradict so sharply with its CEO. Jamie Dimon has always been negative about cryptocurrencies and even called them “worthless.” He thinks using the word “currencies” isn’t right as currencies have laws, central banks, and tax authorities behind them. His views haven’t changed even after JPMorgan is becoming increasingly bullish about the industry.


What are your thoughts as JPMorgan forecasts increased blockchain use in finance? And do you think more firms will start offering blockchain-related services? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Huobi acquires crypto exchange Bitex to offer services in Latin America.

Tags: blockchainfinanceJPMorgan
Tweet54SendShare15
Previous Post

Huobi acquires crypto exchange Bitex to offer services in Latin America

Next Post

Meeting To be Held with Government and Stakeholders on Fake Reviews on E-commerce Websites

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

by Samir Gautam
May 18, 2025
0
Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

Antonio Filosa, the executive currently leading Stellantis’ U.S. operations, has emerged as the top contender to succeed outgoing CEO Carlos Tavares, according to reports from Bloomberg. As Stellantis...

Read more

VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

by Rounak Majumdar
May 18, 2025
0
VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

The parent firm of well-known content sites Dailyhunt and Josh, VerSe Innovation, has announced a major layoff, laying off about 350 employees this month. Since the company's last...

Read more

Indian Defence Forces Granted Emergency Procurement Powers Amid Operation Sindoor

by Rounak Majumdar
May 18, 2025
0
Indian Defence Forces Granted Emergency Procurement Powers Amid Operation Sindoor

In May 2025, India's national security environment changed drastically after the disastrous Pahalgam terror strike in Jammu and Kashmir, which left 26 people dead. The Indian government responded...

Read more
Next Post
Reviews by white label digital marketing

Meeting To be Held with Government and Stakeholders on Fake Reviews on E-commerce Websites

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?