Workflow
JPMorgan Tokenizes Private Equity Fund as Dimon Declares ‘Crypto is Real’

JPMorgan Chase tokenized a private-equity fund on its Kinexys blockchain platform, making the offering available to wealthy clients served by its private bank. The bank announced the development on Thursday. The first live transaction using the new Kinexys Fund Flow system involved JPMorgan Asset Management, the Private Bank, and Kinexys Digital Assets, along with fund administrator Citco, according to the Wall Street Journal. The transaction was completed on the bank’s private, permissioned blockchain ne ...