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JPMorgan Said to Be Eyeing Blockchain-Based Deposit Token  

JPMorgan Chase has begun the first steps of looking into a blockchain-based digital deposit token, according to a source with knowledge of the situation. So reports Bloomberg.

JPMorganThe source told Bloomberg that JPMorgan had already set up the bulk of the infrastructure for such a token, which would be aimed at speeding up cross-border payments and settlements.

If the deposit token receives approval from U.S. regulators, the bank could roll it out for corporate customers within a year after getting the green light, according to the source.

Read the full article from Bloomberg.

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