JPMorgan: DeFi and TradFi Convergence Closer Than Ever
JPMorgan's blockchain lead, Nelli Zaltsman, has indicated that the convergence of decentralized finance (DeFi) and traditional finance (TradFi) may occur sooner than anticipated. At the RWA Summit Cannes 2025, she emphasized the bank's efforts to merge institutional-grade payment systems with emerging blockchain assets, suggesting this could mark a significant shift towards mainstream blockchain adoption. Zaltsman mentioned that JPMorgan's blockchain strategy is asset agnostic and aims to provide clients with real-time access to various networks while minimizing friction. The recent pilot with Chainlink and Base is seen as a critical step in connecting traditional capital with digital asset markets. Both Zaltsman and Chainlink's co-founder, Sergey Nazarov, believe that advancements in infrastructure and collaboration among industries will expedite the disappearance of boundaries separating DeFi and TradFi. As Zaltsman noted, the past decade has seen significant improvements in tools available for blockchain adoption. Nazarov highlighted that the involvement of large banks like JPMorgan could encourage other financial institutions to take notice and adapt to the changing financial landscape.
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