JPMorgan Tokenizes Private Equity Fund as Dimon Declares 'Crypto is Real'

By Yahoo! Finance   |   1 month ago
JPMorgan Tokenizes Private Equity Fund as Dimon Declares 'Crypto is Real'

JPMorgan Chase tokenized a private-equity fund on its Kinexys blockchain platform, aiming to modernize private fund operations. The new system automates fund transfers, reducing errors and costs. CEO Jamie Dimon supports the use of smart contracts for efficient transactions.

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