The largest US -based bank JPMorgan Chase has applied for the brand registration of JPMD, a new platform for crypto assets. This move took place at a time when the interest of traditional financial institutions in crypto assets and digital payment services increased. JPMorgan’s new platform for the United States Patent and Brand Office said.
Services offered by the JPMD platform
In the application documents, the JPMD platform plans to provide trade, purchase-sale, transfer and payment services for crypto assets. In addition, the export of crypto assets on the platform is on the agenda. This step of the bank is seen as an indication of the widespread expansion of asset tokenization and digital payment opportunities in the financial world.
Recently, in the financial sector, stablecoins have been started to work. Asset management companies’ search for crypto investment products and traditional banks wanted to play more roles in the crypto asset industry prepared the ground for this development. JPMorgan is thought to be intended to adapt to this train with its new platform.
JPMorgan’s crypto asset strategy
JPMorgan’s CEO Jamie Dimon had previously been on the agenda with criticism of crypto currencies. But Dimon last month, the bank’s customers Bitcoin 
$106,724.70 announced that they will allow trading.
Jamie Dimon: “We will let our customers buy Bitcoin.”
The Bank also announced that it has begun to accept Bitcoin -based investment funds for its customers’ loans as collateral. JPMorgan, on the export of stablecoin, has held talks with other major US banks. These talks show the desire to integrate the bank’s crypto assets into the financial system.
JPM Future Plans
JPMorgan is currently running a special blockchain -based payment network called Kynexis. More than 2 billion dollars of transaction volume is realized on this network. The bank’s experience in this field is an important advantage for the technology infrastructure of the new platform.
The fact that crypto assets are increasingly accepted in the financial sector encourages major players such as JPMorgan to develop new platforms. We will see that these developments offer new opportunities to both individual and corporate investors.
JPMorgan’s orientation to crypto asset -based products can make the bank more compatible with technology and new financial trends. The exact functions of the platform and how to integrate into the financial ecosystem will be clear in the following process. Global arrangements for digital assets and market trends may also affect JPMorgan’s moves in this field. Developments on the new platform of the bank will be closely monitored in terms of the future role of digital assets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
