JPMorgan has started rolling out a deposit token called JPM Coin to institutional clients, a move that comes as financial institutions continue to broaden their footprint in digital assets https://t.co/ryU2QlWwlB
J.P. Morgan is bringing banking onchain.
Kinexys by @jpmorgan is launching JPMD, a USD deposit token for institutional clients, on Base.
It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties.
I’m attaching the table of contents of Read Write Own below. I always like to scan through the table of contents of nonfiction books to see what, if anything, interests me, so I thought people considering the book might want to do the same. The best way to read it is end-to-end, but it’s also broken into 3-4 page chunks to allow you to skip around.
A few comments:
I present a series of frameworks throughout, some of which readers might have seen me discuss before. In the book, I develop these frameworks in greater detail, and illustrate them with stories and examples. Most of the frameworks apply not just to blockchains but to software and internet technologies generally, including both classic internet services and emerging areas like AI.
Some of the frameworks in the book:
→ The platform-app feedback loop
→ Networks: the attract-extract cycle
→ Skeuomorphic vs native applications
→ Squeezing the balloon
→ Come for the tool, stay for the network
→ The next big thing starts out looking like a toy
→ Inside-out vs outside-in technologies
→ What the smartest people do on the weekend is what everyone else will do during the week in ten years
→ Internet media: the attention-monetization tradeoff
→ Computing cycles: Incubation vs growth phases
In terms of structure, the book has five main parts:
1/ Briefly covers the history of the internet, focusing on the two most recent eras from the early 1990s through today.
2/ Dives deeper into blockchains, explaining how they work and why they matter. Shows how blockchains and tokens can be used to construct blockchain networks (aka protocols), and explain the technical and economic mechanisms by which they work.
3/ Shows how blockchain networks empower users and other network participants, answering the “why blockchains?” question people often ask.
4/ Addresses controversial questions head-on, including policy and regulatory topics and the harmful casino culture that has developed around blockchains that hurts their public perception and undermines their potential.
5/ Presents a vision of promising blockchains applications in areas like social networks, video games, virtual worlds, media businesses, collaborative creation, finance, and artificial intelligence.
Whether you’re a tech veteran, a startup founder, an everyday internet user, or just someone who’s curious about the systems that govern our digital lives, I hope there’s something in the book for you.
Excited to unveil a collaboration between @apolloglobal and Onyx by @jpmorgan that aims to reshape portfolio management and democratize access to alternative assets. 👀
To deliver our POC we brought together leaders in the asset and wealth management industry, and from across the blockchain ecosystem to create a holistic, multi asset, multi chain test environment
*Announcing!*: Onyx by @jpmorgan & @apolloglobal collaborate on next-gen solution in the $5.5T portfolio management business as part of @MAS_sg Project Guardian - with WisdomTree, Avalanche, Provenance, LayerZero, Axelar, Oasis Pro & Biconomy.
Check out the video in the link and the detailed 🧵below to learn more. And don’t miss our in-depth whitepaper that describes all the detail!
https://t.co/rYGjPLHpaw
Another dApp, another first: in the 1st ever use of tokenized MMFs as derivs margin,@BlackRock & @Barclays posted tokenized MMFs collateral for a live trade using new Onyx Digital Assets dApp “TCN”. The collateral took 1sec to post! (vs the normal 1+days)
https://t.co/ZNgFGijq1q
JPMorgan is going onchain.
@TyLobban, Head of Digital Assets @ Onyx, joins us to reveal JP Morgan's crypto strategy.
- What is Onyx?
- Project Guardian
- Institutional adoption
- Onchain payments and settlement
Full episode links ↓
We’re bringing web2 & web3 together to creatively solve Digital Identity issues. Onyx by @jpmorgan is excited to *announce* an open-to-all Digital Identity Hackathon sponsored by Onyx,with @encodeclub@LensProtocol@biconomy & others!
PLUS! We’re open sourcing our ID code! 🧵 👇🏽
Finally, check out the report that we co-authored that goes into further details of why Institutional DeFi could enable the next generation of finance, as well as further details on Project Guardian https://t.co/FxQDauLjzr /fin
WORLD! J.P. Morgan has executed its 1st *LIVE* trade on public blockchain using DeFi, Tokenized Deposits & Verifiable Credentials, part of @MAS_sg Project Guardian 🙌🚀🔥https://t.co/XI212SG4zg Many world 1sts here, & since this is public ⛓ here’s a transparent🧵on what we did: