JP Morgan's Crypto Strategy Includes Trillions Of Dollars Investment

JP Morgan believes it has discovered a mechanism for DeFi developers to take advantage of non-crypto assets' yield-generating potential.

JP Morgan believes it has discovered a mechanism for decentralised finance (DeFi) developers to take advantage of non-crypto assets' yield-generating potential.

Tyrone Lobban, the head of JPMorgan's Onyx Digital Assets, spoke to CoinDesk at Consensus 2022 in Austin, Texas, about the bank's institutional-grade DeFi aspirations and how much value is waiting in the wings in tokenised assets.

Institutional DeFi means enforcing know-your-customer standards on crypto's permissionless lending pools, as demonstrated by Aave Arc and a recently announced collaboration with Siam Commercial Bank and Compound Treasury.