JPMorgan expands digital-asset team within Chase

  • JPMorgan Chase is expanding its digital-asset and blockchain team within Chase.
  • The team will develop strategy, partnerships and products while assessing acquisitions and external collaboration.
  • Sameer Kumar disclosed joining the team as JPMorgan serves businesses through Kinexys and JPM Coin.

JPMorgan Chase is expanding a digital-asset and blockchain team within Chase, its retail banking division serving individual and small-business customers. The group will set digital-asset strategy, build partnerships with cryptocurrency companies, develop products, and evaluate in-house development, external collaboration and acquisitions. Sameer Kumar has disclosed joining the team. The expansion follows JPMorgan’s February statement that blockchain and stablecoins could eventually be used in personal finance, though such applications remain difficult in the short term. The bank already serves corporate clients through its Kinexys blockchain business and JPM Coin tokenized-deposit service.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.