Cryptocurrency
JP Morgan Announces Prototype Blockchain Platform to Streamline Capital Markets Infrastructure via @cointelegraph
According to CoinTelegraph, “J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The announcement took place at NY’s Consensus conference Wednesday, the Wall Street Journal reported May 16. “Christine Moy, executive director of J.P. Morgan’s Blockchain Center of Excellence, told WSJ that […]
According to CoinTelegraph, “J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The announcement took place at NY’s Consensus conference Wednesday, the Wall Street Journal reported May 16.
“Christine Moy, executive director of J.P. Morgan’s Blockchain Center of Excellence, told WSJ that blockchain ‘has the potential to be transformative’ for the capital markets infrastructure.
“She explained that capital markets – in which vast amounts of capital are transacted – involve multiple systems and information flows between many different stakeholders, ‘from issuers and asset managers to clearing houses and fund administrators.’ ‘The promise of natively issuing financial instruments on blockchain is that you can share that infrastructure,’ she said.”