JP Morgan executes first DeFi trade on public blockchain

Cointelegraph

Published Nov 02, 2022 10:19PM ET

Updated Nov 03, 2022 12:00AM ET

Multinational banking firm JP Morgan has successfully executed its first ever cross-border transaction using decentralized finance (DeFi) on a public blockchain.

The trade was facilitated by the Monetary Authority of Singapore’s (MAS) Project Guardian on Nov. 2 — which was established as part of a pilot program to “explore potential decentralized finance (DeFi) applications in wholesale funding markets.”

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