JP Morgan Using Private Blockchain to Tokenize Assets for Institutional Clients

JP Morgan blockchain lead says 99.9% of client conversations are about tokenizing traditional assets, not crypto
JP Morgan created its own Ethereum-based blockchain, Onyx, to tokenize assets since US banks face hurdles using public blockchains
Onyx has allowed JP Morgan clients to enter into repos using tokenized treasuries as collateral to borrow against
Lobban says smart contracts help ensure precise delivery vs payment in exchanging assets for cash
Bitcoin's price stability has cooled crypto interest recently, according to Lobban