JPMorgan’s new blockchain chief warns that tokenization does not equal liquidity

Oliver Harris, JPMorgan's new head of blockchain and Kinexys division, has stated that tokenizing assets does not automatically equate to increased liquidity. He previously warned that simply putting assets on blockchain rails doesn't make them easier to trade. Harris believes the technology is now mature enough to potentially replace the financial industry's legacy back-end systems, enabling continuous market operation and easier asset interaction. His focus will be on expanding digital settlement infrastructure, advancing tokenization, and strengthening partnerships across blockchain networks. Harris sees a shift towards a global settlement layer where money, assets, and data merge onto a single software platform as the key to real change, rather than just tokenizing individual assets. He notes that previous attempts at tokenization fell short due to immature technology and unclear regulations, but believes these issues have now been largely resolved.

(Source：CoinDesk)