Expansion of decentralized finance

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Total value locked in real-world tokenized assets has reached $12 billion as of May 14, 2025
JPMorgan has been developing its blockchain technology since 2019, when it launched its private blockchain JPM Coin, later renamed Kinexys, which processed around $2 billion in daily transactions and had $1.5 trillion in underlying derivative assets, according to a company statement in 2024

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