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Big non-agency players prepare for a blockchain future

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Even though J.P. Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx, a business unit devoted to exploring and expanding the use of blockchain technologies. 

Soon after Onyx was formed, the bank launched Onyx Digital Assets, a blockchain-based platform that makes possible transactions that involve tokenization — or creating digitized tokens linked to or backed by real-world assets. Recently, J.P. Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans details ⇒

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