"Tokenization and blockchain are real and are becoming more efficient," says JPMorgan CEO

Source: PortaldoBitcoin Original Title: “Tokenization and blockchain are real and are becoming more efficient,” says JPMorgan CEO Original Link: American billionaire Jamie Dimon, chairman and CEO of JPMorgan, one of the largest banks in the world, voiced his support for cryptocurrencies, blockchain, and tokenization during an interview on “Mornings with Maria” on Fox Business on Monday (8). According to him, the bank will expand its use of blockchain and stablecoins, as these technologies can increase the efficiency of financial services.

Dimon stated that tokenization and blockchain “are real” and are already being used to make processes faster and cheaper, highlighting that the market is finding increasingly efficient ways to utilize them.

The executive also revealed that JPMorgan is developing its own stablecoin that could pay interest and operate as a payment system — and stated that the institution intends to adopt any solution capable of offering something better, faster, and cheaper to customers.

He added that these technologies should drive the next generation of international payments, although not all uses will work in the institutional market. Dimon also said that interoperability will be essential and that the sector will need clear rules, including AML and KYC requirements, to turn these products into widely usable and secure solutions.

It is worth noting that JPMorgan is working to enable its institutional clients to use Bitcoin and Ethereum as collateral for loans, marking one of the most direct integrations of crypto assets into Wall Street’s credit systems.

JPMorgan’s program, scheduled to launch by the end of 2025, will feature a third-party custodian to hold the pledged tokens.