JP Morgan Executes Tokenized Asset Transactions on Public Chain for the First Time

According to Bloomberg, JPMorgan previously issued tokenized 100,000 Singapore dollars on Polygon and traded with Japan’s SBI Digital Asset Holdings for tokenized yen, a deal for Singapore’s central bank to explore the use of DeFi in the banking industry. part of the pilot program. Although this transaction is not a cryptocurrency transaction, it is the first time that JPMorgan Chase has executed a transaction on a public chain. In addition, this transaction also involved the use of a "modified version" of Aave. The JPMorgan executive said it will continue to explore the use of other blockchain networks.