X @BSCN

Crypto Trading Expansion - JPMorgan plans to expand its role in cryptocurrency trading [1] - The bank will move deeper into crypto trading, aligning with CEO's direction [1] - JPMorgan is building blockchain services alongside traditional finance [1] Tokenization and Digital Assets - JPMorgan is developing tokenized products to improve settlement speed, liquidity, and transparency [2] - JPMD, the bank's prototype deposit token, is a potential foundation for future products, enabling faster transfers and settlement [2] - Future stablecoin offerings would likely come from the payments division [3] Custody and Partnerships - JPMorgan is assessing potential crypto custodians that align with its business footprint and regulatory standards, as it doesn't plan to custody crypto directly [3] Blockchain Initiatives - JPMorgan has used blockchain for settlement through JPM Coin and Onyx, processing billions in daily transactions between institutional clients [4] - JPMorgan expects more financial activity to migrate toward public blockchains over time [4] - JPMorgan unveiled a $1.5 trillion "Security and Resiliency Initiative", committing $10 billion to boost U S energy, manufacturing, and defense industries with blockchain-based efficiencies [4] Market Outlook - JPMorgan's research team suggested Bitcoin may be undervalued relative to gold, projecting a potential price of $165,000 [5]