Summary
- The Wall Street Journal reported that JPMorgan tokenized private funds on its own blockchain.
- It said this product will be offered to private banking clients, that is, high-net-worth clients.
- JPMorgan said it is considering tokenizing various alternative investment strategies in the future, including private credit, real estate, and hedge funds.
Global investment bank (IB) JPMorgan has tokenized private funds on its own blockchain.
The Wall Street Journal (WSJ) reported, "JPMorgan has tokenized private funds on its own blockchain," and "this product will be offered to private banking clients, that is, high-net-worth clients." The Wall Street Journal said, "This move came ahead of the full-scale launch of JPMorgan's fund tokenization platform, Kinexys Fund Flow, scheduled for next year."
JPMorgan is also considering tokenizing other investment products. The Wall Street Journal reported, "JPMorgan plans to further tokenize a variety of alternative investment strategies in the future, such as private credit, real estate, and hedge funds." Anton Phil, head of global alternative investment solutions at JPMorgan Asset Management, told the Wall Street Journal, "It's only a matter of time before blockchain-based solutions are adopted in the alternative investment industry."
JOON HYOUNG LEE
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