Odaily News JPMorgan Chase executives recently met with the U.S. Securities and Exchange Commission (SEC)'s cryptocurrency task force to discuss the potential far-reaching impact of digital asset regulation and the on-chainization of capital markets.
According to an SEC statement released Tuesday, JPMorgan executives spoke with the SEC about the "potential impact of migrating existing capital markets activities to public blockchains" — including what parts of the traditional model might change and how companies can assess the risks and benefits of those changes.
The two sides also discussed JPMorgan Chase's current business layout in the crypto field, including the bank's existing digital platform, which is currently used to process repurchase agreements (a short-term financial market lending tool) and is part of its "digital financing" and "digital debt services" product system. (Cointelegraph)