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The banking giant said Thursday that it tokenized a private-equity fund on its blockchain platform, an offering that is available to the wealthy clients served by its private bank. The move comes ahead of JPMorgan’s broader rollout next year of its fund tokenization platform, Kinexys Fund Flow. Tokenization lets the bank offer clients a digital representation of the ownership of an asset that lives on a blockchain ledger.
“For the alternative investments industry, it’s just a matter of time that a blockchain-based solution is going to be adopted,” said Anton Pil, head of global alternative investment solutions for JPMorgan’s asset management arm. “It’s more about simplifying the ecosystem of alternatives and making it, frankly, a little easier to access for most investors.”
