JPMorgan is expanding the specialized team handling crypto assets and blockchain business within Chase, its retail banking division for individuals and small businesses. According to Foresight News, the bank's blockchain-related services had previously focused mainly on corporate and institutional investors, and the expansion suggests it is building infrastructure for digital asset use in personal finance.
Job postings show the new team will be responsible for setting digital asset strategy, working with crypto companies, and bringing new products to market. The bank may pursue commercialization through in-house development, partnerships, or acquisitions.