In Brief More than 15 banks are tokenizing finance on private blockchains, challenging Bitcoin. JPMorgan says private blockchains, not MicroStrategy, are
- Over 15 major banks are actively tokenizing financial assets on private blockchains, with JPMorgan leading the charge through its Kinexys platform.
- JPMorgan analysts suggest this shift to permissioned networks poses a greater long-term risk to Bitcoin than corporate holdings like MicroStrategy's, due to potential loss of activity and liquidity on public blockchains.
- The trend highlights institutional preference for private blockchains due to governance, privacy, and legal certainty, potentially shaping the future of crypto adoption.
Topics: Banks bankingsystems, Blockchain usage, Public market, Private enterprise ledgers, Tokenized us treasuries, Integration traditional exchanges
Tags: #jpmorgan #tokenization #privateblockchains #bitcoin #kinexys #onyx #dtcc #cantonnetwork #hsbc #goldmansachs
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