DeFi And Blockchain Are Real, Says JPMorgan CEO Jamie Dimon To Shareholders

Jamie Dimon, the CEO of JPMorgan Chase is of the opinion that DeFi and blockchain as real and new technologies that can be deployed in both private and public fashion. He also mentioned that JPMorgan is at the forefront of this innovation.

While talking about JPMorgan’s investments in technology, Dimon mentioned,

“Decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion, permissioned or not.”

The CEO further mentioned,

“JPMorgan Chase is at the forefront of this innovation. We use a blockchain network called Liink to enable banks to share complex information, and we also use a blockchain to move tokenized U.S. dollar deposits with JPM Coin.”

As per the official website, thirty nine nations are now covered within the Liink network. Over twenty five of the world’s leading banks have signed up to participate and more than four hundred leading institutions have signed letters of intent to join. The global investment bank mentioned that it

“established Liink to find more efficient ways to transfer data through custom applications.”

Last week, a JPMorgan report mentioned that there is limited upside for digital asset markets. Nevertheless, in the month of February, the firm forecasted that the long-term price of BTC would reach one hundred and fifty thousand dollars. However, JPMorgan mentioned global regulation is urgently required for banks to assist clients invest in digital assets.