📌 SUMMARY:

🇺🇸 JPMorgan recently met with the SEC to discuss transitioning traditional financial operations to blockchain. They shared their platform for processing repo contracts, plans for tokenized asset development, and strategies for creating competitive advantages. The exchange indicates that major institutions are seriously preparing for the on-chain financial future.

📍 DETAILS:

🇺🇸 JPMORGAN MEETS SEC TO DISCUSS BLOCKCHAIN AND THE FUTURE OF AMERICAN FINANCE

Three senior executives from JPMorgan Chase recently met with the SEC's Crypto Task Force to discuss the future of digital assets and how the traditional financial market could shift to using public blockchain.

– Both parties analyzed the potential for current capital market operations to transition to blockchain, which could fundamentally change the entire financial operating model.

– JPMorgan presented their digital platform currently processing repo contracts (a type of short-term loan between financial institutions) within the Digital Financing and Digital Debt Services sectors.