JP Morgan

According to reports, JP Morgan’s recently established branch in the Indian international financial center GIFT City has been approved to pilot as an international settlement bank for other GIFT City banks. Within a month or so, banks will be able to open foreign currency accounts at JPMorgan Chase in India as blockchain based bank accounts, achieving 24/7 settlement, rather than limited to U.S. business hours. JPMorgan Chase will operate a sandbox environment that enables these banks to open on-chain current accounts. Although the interface uses standard SWIFT messages, the ability…

It is reported that Tryone Lobbam, head of Onyx of JPMorgan’s DeFi platform, said that JPMorgan will open an innovation laboratory in Athens, with the initial focus on building blockchain-related functions to support Onyx. The three main areas initially focused on will be distributed ledger technology, artificial intelligence and cryptography. Interpretation of this information: JP Morgan, one of the world’s largest banks, has announced plans to open an innovation laboratory in Athens, Greece. This laboratory will be initially focused on building blockchain-related functions to support Onyx, JP Morgan’s DeFi platform,…