JPMorgan Chase CEO Jamie Dimon And Detroit Mayor Duggan Discuss The Bank's Investment In Detroit 2016 Getty ImagesJPMorgan Chase CEO Jamie Dimon has finally made a public move in the cryptocurrency arena. In a report published by CNBC, JPMorgan’s head of blockchain revealed plans for JPM Coin, a cryptocurrency pegged to U.S. dollars stored in JPMorgan Chase accounts. R3 went on to develop Corda, a distributed ledger inspired by the publicly available bitcoin blockchain, and JPMorgan Chase launched Quorum, inspired by the publicly available ethereum blockchain. Initially, R3 and JPMorgan Chase seemed shy about the idea that their platforms could be used to tokenize assets. In April 2018, however, JPMorgan Chase suffered a notable loss when Amber Baldet, its visionary blockchain leader, branched out on her own.

Source: Forbes February 14, 2019 21:56 UTC