JPMorgan Testing Blockchain Transfers With Over 2,000 Clients
JPMorgan has reportedly been moving money between London and Tokyo as part of a trial that incorporates blockchain technology. According to The Wall Street Journal, the tests involve about 2,200 of the bank’s clients. Daniel Pinto, CEO of the firm’s corporate and investment banking unit, told the news outlet that the test is a prelude to using the technology to move real funds internationally using a blockchain. More details, the report indicated, will be offered during an investor event today in New York. The bank has been testing the technology in collaboration with New York blockchain....
Related News
JPMorgan Chase & Co has been testing a blockchain program over the past few months wherein US dollars are being moved between London and Tokyo using distributed ledger or blockchain technology, the same innovation used to power Bitcoin. A Wall Street Journal report has revealed that JP Morgan Chase, the largest bank in the United States, has been ‘quietly’ testing US dollar transfers between London and Tokyo as a part of its blockchain program in recent months. JPMorgan’s head of corporate and investment banking, Daniel Pinto, has confirmed that about 2,200 clients in the UK and Japan....
Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan Now Offers Access to Crypto Funds JPMorgan has given its financial advisors the green light to give all its clients access to cryptocurrency funds, the Insider reported Thursday, citing people directly familiar with the matter. This move....
A new report from JPMorgan Chase and consultancy firm Oliver Wyman argues that blockchain technology presents an opportunity for asset managers. The report, released on 13th July, seeks to position the emerging technology as a means for asset managers to offer more sophisticated services to clients. It offers a broad overview, ultimately arguing the industry sector needs to "get off the sidelines" and begin investigating how they can adopt the technology. The report states: "Revenue opportunities will grow out of the improved data sources, greater liquidity and lower....
Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher.
What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End
JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the results earlier this week. The survey was conducted between Dec. 13 and Jan. 7 as part of a broader macroeconomic outlook for 2022.....
Banking giant JPMorgan Chase will reportedly soon offer a passively managed Bitcoin fund to clients.