The Block provides excellent coverage on JPMorgan’s plans to get into the digital-asset custody game. From Frank Chaparro: “JPMorgan is actively exploring digital asset custody and is looking for help from crypto native firms — JPMorgan has been engaging with digital asset firms on how it can offer digital asset custody to its clients. The firm would enlist sub-custodians to offer the service, and has reached out to firms, including Fidelity Digital Assets and Paxos.”

BTC & DLT have gone from passing fads to institutional acceptance. Money is changing; tech is changing. Price discovery will be the killer app for blockchain. It is a vital, indispensable tool in evaluating the biggest market of them all: private assets. Thinly traded assets, such as CRE, private equity, or muni bonds need price discovery. Credentialed private data anchored in a block, which imputes trust, coupled with permissioned access moves us away from 3rd party oracles that these markets rely upon. Internal data is correlated with independent sources to verify real-time what an asset is worth or how to mark a portfolio of closely-held securities. Someday, this will all be digitized & assets will move freely. JPMorgan, presumably, will hold those assets for you. #Inveniam

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