"JPMorgan shows strong commitment to blockchain business... Wall Street's adoption of cryptocurrency expected to accelerate"

JOON HYOUNG LEE

Summary

JPMorgan is accelerating its digital asset business, leading to observations that cryptocurrency adoption on Wall Street will speed up.
The launch of JPMorgan's 'JPMD' will strengthen the connection between traditional finance and the digital asset economy, signaling greater institutional trust and expanded market liquidity.
This move comes as the regulatory environment in the U.S. becomes clearer, and it is expected that as measures like the Stablecoin Act enhance legal clarity, cryptocurrency adoption and system integration will accelerate.

Global investment bank (IB) JPMorgan has officially ramped up its digital asset business, with observations suggesting that the pace of cryptocurrency adoption on Wall Street will accelerate.

Ryan Lee, Chief Analyst at Bitget Research, told BloomingBit on the 18th (local time), "JPMorgan’s 'JPMD' clearly demonstrates an expanded commitment to blockchain" and added, "(JPMD) will serve as a catalyst to further strengthen the connection between traditional finance (TradFi) and the digital asset economy." Previously, Naveen Mallela, Global Co-Head of JPMorgan's blockchain division, stated in an interview with CNBC on the 17th that they plan to launch JPMD as a 'deposit token.'

Analyst Ryan Lee emphasized that the launch of JPMD is "a signal of increasing institutional trust and potential for greater market liquidity." He added, "This move comes at a time when the regulatory environment in the U.S. is gradually becoming clearer," and stated, "As legal clarity is enhanced through measures like the Stablecoin Act (Genius Act), the pace of cryptocurrency adoption will accelerate, and integration within the financial system will deepen."

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