The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home Blog

JP Morgan Takes Steps Toward Security Token Interoperability for $20M

Pratik Chadhokar by Pratik Chadhokar
September 26, 2022
in Blog
0
JP Morgan
207
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter

American multinational investment bank JP Morgan Chase & Co recently made headlines when Israeli startup company Ownera shared that they raised $20 million in a Series A funding round from backers like JP Morgan, along with private asset management firm LRC Group. What made Ownera an attractive company investment for banking giant, JP Morgan, is its extensive interoperability trading network for tokenized assets. Scott Lucas, Head of Markets at JP Morgan, says, “Interconnectivity is key to maintaining a liquid marketplace for tokenized assets. Ownera has developed a solution with the potential to connect multiple platforms to start building towards that liquid marketplace.”

JP Morgan was among the first wave of international banks to move into the crypto space last year. Although the blockchain industry has suffered during the bear market, this recent investment move by one of the largest financial institutions in the world indicates that traditional finance systems haven’t abandoned blockchain technology.

Related articles

Online Casino Space

Chips.gg Redefining the Online Casino Space Through Its ‘Vault’ and ‘VIP’ Systems

March 10, 2023
Cloudbet Casino Review

 Cloudbet Casino Review 2022 

October 22, 2022

The Ownera platform is based on the open-source FINP2P protocol, which supports any type of securities tokenization engine on any public or private blockchain plus traditional ledgers. This innovative technology means clients have access to a unified digital securities wallet where they can efficiently invest, trade, lend and borrow against the connected tokenized assets, regardless of their trading interfaces. Ownera Co-Founder and CEO Ami Ben-David believe that “dozens of platforms are being deployed by financial institutions across the market. […] Our job is to be the neutral layer, seamlessly interconnecting them into one global distribution and liquidity network, using open-source network specifications.”

Apart from JP Morgan, the Series A financing round for Ownera includes notable companies such as Draper Goren Holm, tokentus Investment AG, Accomplice Blockchain, Polymorphic Capital, The Ropart Group, and Archax.

The Future of Cryptocurrency in the Business World

According to a 2022 industry survey, the global cryptocurrency market is projected to rise in the coming years. From $910.3 million in 2021, experts predict the market will grow to $1902.5 million by 2028, at a CAGR of 11.1% during the forecast period. The study shared that the demand for crypto has increased due to rising investments in venture capital. Additionally, the increasing popularity of digital assets, such as Bitcoin and Litecoin, can potentially accelerate the market in the upcoming years. It’s evident that cryptocurrencies are here to stay, and many people can no longer imagine a future without them. With giant companies like JP Morgan jumping into the crypto space, we can expect that more companies will follow suit and that crypto will dominate financial markets in the future.

And we can already see this happening with Asian gaming giant Nexon, which has invested an enormous sum of $100 million in Bitcoin. The company president and CEO, Owen Mahoney, said this purchase is part of their strategy to protect shareholder value and maintain the purchasing power of their cash asset. They believe Bitcoins are the new form of cash likely to retain its value, which can offer long-term stability and liquidity for future investments.

Should You Avoid Investing in Cryptocurrency?

Despite an initial LHH report on transient technologies saying that blockchain tokens will lose their appeal and demand, many businesses like Nexon are still investing in cryptocurrencies like Bitcoin. The article explained that it’s hard not to get drawn into the hype and excitement of a new and not entirely understood technology. Because of this, numerous businesses are eagerly looking for ways to invest and benefit from being part of the crypto ecosystem. But like any other form of investment, cryptocurrencies are also volatile.

Recently, a CNBC news article reported that Bitcoin has plunged more than 52% year to date and is now hovering around $21,000 per coin. It’s not only Bitcoin that’s experiencing this decline. The entire crypto market has dropped to less than $1 trillion from its November 2021 peak of $3 trillion. However, experts assure that the dip in price doesn’t mean that long-term investors should hold off on buying Bitcoin or any type of cryptocurrency available, especially if they consider it the same as investing in other assets. Instead, business leaders must be deliberate in choosing which expenses or projects are worth investing in and must not make rash decisions to avoid catastrophic consequences.

Disclaimer: The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Tags: BlockchainCryptocurrency
Share83Tweet52
Pratik Chadhokar

Pratik Chadhokar

Pratik Chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and possesses strong technical analytical skills. He is well known for his entertaining and informative analysis of the Financial markets.

Related Posts

Online Casino Space

Chips.gg Redefining the Online Casino Space Through Its ‘Vault’ and ‘VIP’ Systems

by Pratik Chadhokar
March 10, 2023
0

Inception of cryptocurrencies and blockchain technology only brought a number of revolutions in existing systems along with the new ones....

Cloudbet Casino Review

 Cloudbet Casino Review 2022 

by Guest Author
October 22, 2022
0

Rise of Cryptocurrency Amidst Online Casinos The utilization of cryptocurrency in various industries and sectors of the world in recent...

Blockchain and Crypto

How Blockchain and Crypto Technology Can Transform Gaming?

by Pratik Chadhokar
November 8, 2022
0

Blockchain and Crypto – The Technology Transforming Gaming Blockchain and cryptocurrency games have been popular for a few years now....

Zimbabwe

Guide to Crypto: Five Steps to Trading Crypto

by Pratik Chadhokar
September 19, 2022
0

The cryptocurrency world is expanding, and its popularity is growing. We’ve hit different snags and low points for many years...

SoftNote

Tectum’s ‘SoftNote ®’ is ready to start Revolution in Crypto & Digital Payment Industry 

by Pratik Chadhokar
September 2, 2022
0

Tectum, the world's leading and fastest blockchain, has recently released its flagship product the ‘SoftNote ®’ to make existing digital...

Load More
  • Trending
  • Comments
  • Latest

Kadena price analysis: KDA coin is following the upwards trendline after forming the bullish pattern

February 9, 2022
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
cryptocurrency

AQUA Airdrop is set to Roll out!

January 7, 2022
MIOTA Price Analysis: IOTA Token Price Struggles To Sustains Higher Than $1 Mark

Firefly Wallet Powered by IOTA, Starts Staking on Shimmer and Assembly Tokens

December 23, 2021
TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

March 24, 2023
FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

March 23, 2023
GPT

GPT Token Price Analysis: Token Shows One-Sided Move, What’s Next?

March 23, 2023
DOT Price Analysis

DOT Coin Price Analysis: Coin Price Retraces At the 0.5 FIB Level

March 22, 2023
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?