JPMorgan is actively exploring digital asset custody, and is looking for help from crypto native firms
October 27, 2020, 5:01PM EDT · 3 min read
- JPMorgan has been engaging with digital asset firms on how it can offer digital asset custody to its clients.
- The firm would enlist sub-custodians to offer the service, and has reached out to firms, including Fidelity Digital Assets and Paxos.
- The exploration into custody comes as the firm has rebranded its blockchain division to Onyx.
JPMorgan, which is launching a new business unit focused on digital assets, could also soon dive into the crypto custody market.
Subscribe to The Block to
Unlock this Feature
Choose Your Plan
If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.