DeFi, TradFi convergence could arrive sooner than expected: JPMorgan

JPMorgan predicts that the merger between decentralized finance (DeFi) and traditional finance (TradFi) will happen sooner than expected, bolstered by their collaboration on blockchain initiatives that facilitate on-chain transactions.

The launch of JPMorgan’s deposit token is aimed at combining institutional cash management with blockchain capabilities, potentially setting a precedent for future innovations within the financial sector.

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