J.P. Morgan Makes a DeFi Move

Onyx by J.P. Morgan announced it carried out its first trade on the public blockchain, a “live cross-currency transaction” executed in cooperation with the Monetary Authority of Singapore. At the top of today’s Real Vision Crypto Daily Briefing, Paul Guerra and Marco Olivera assess the significance of the move – perhaps the first time a major bank has tokenized deposits on a public blockchain. Paul and Marco also discuss what impact Meta enabling U.S. users to mint and trade NFTs will have on the crypto space. And, later, Reflexivity Research co-founder Will Clemente joins the conversation to talk about the latest Fed rate hike, capitulating miners, and much more.

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