JPMorgan Deploys Deposit Token on Public Ethereum for Clients
JPMorgan has launched its deposit token on the public Ethereum network, making the asset available exclusively to approved clients.
JPMorgan has deployed its deposit token onto the public Ethereum network, according to a report by Blockhead. The offering is restricted to approved clients only, marking a development in the bank's utilization of public blockchain infrastructure for institutional financial products.
Restricted Access Infrastructure
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While deployed on the public Ethereum blockchain, the deposit token remains walled off from retail users. Access is strictly limited to institutional participants pre-approved by the bank.
Key facts
- JPMorgan deployed its deposit token on public Ethereum.
- The asset is restricted to approved clients only.
- The deployment was reported by Blockhead.
Source: news.google.com
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