The CEO of the world's largest bank just called tokenization a competitive threat.
In his 2026 annual shareholder letter, Jamie Dimon identified tokenization as one of the forces redefining competition in financial services.
"A whole new set of competitors is emerging based on blockchain, which includes stablecoins, smart contracts and other forms of tokenization."
JPMorganChase generated $185 billion in revenue last year and moves nearly $12 trillion daily. Dimon's response to the rise of tokenization:
"We need to roll out our own blockchain technology and continually focus on what our customers want in a very detailed way."
Tokenization and digital assets are now on the agenda of every major financial institution.
Full report: https://lnkd.in/gPbFc-3V
