JPM Uses Permissioned Blockchain for Settlement; BlackRock, Franklin Templeton Deploy Tokenized Money Market Funds

JPM-0.59%
According to a16z crypto, traditional financial institutions are selectively adopting blockchain technology to optimize existing operations rather than directly integrating with open DeFi protocols. JPMorgan uses permissioned blockchain to process deposit settlements, while BlackRock and Franklin Templeton have launched tokenized money market funds to improve settlement and distribution efficiency. These implementations maintain compliance requirements such as KYC and transaction reversibility while leveraging atomic settlement, shared ledgers, and programmable money capabilities.
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