JPMorgan Hopes to Bring Tokenized Assets Worth Trillions to DeFi!

JPMorgan sees a method for developers to capitalize on the yield-generating potential of non-crypto assets. Tyrone Lobban, JPMorgan's head of Onyx Digital Assets, detailed the bank's institutional-grade DeFi aspirations. He stated that tokenizing or money market fund shares may all be utilized as collateral in DeFi pools. JPMorgan's DeFi technology will leverage digital identification building elements to identify and confirm identity. JPMorgan has yet to identify which platforms it will work with.