News/JPMorgan Plans to Bring Trillions of Dollars of Tokenized Assets to DeFi

JPMorgan Plans to Bring Trillions of Dollars of Tokenized Assets to DeFi

Jun 12,2022,09:52
Tyrone Lobban, head of Onyx Digital Assets at JPMorgan, described the bank's institutional-grade DeFi plans at Consensus 2022. He said, "Over time, we think tokenizing U.S. Treasurys or money market fund shares, for example, means these could all potentially be used as collateral in DeFi pools. The overall goal is to bring these trillions of dollars of assets into DeFi, so that we can use these new mechanisms for trading, borrowing and lending, but with the scale of institutional assets."
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