Share this article
JPMorgan Hiring Software Engineers for ‘Collateral Blockchain Tokenization’
The intriguing vacancy doesn’t go into much detail, however.
By Ian Allison
Updated May 11, 2023, 4:08 p.m. Published Nov 24, 2021, 5:48 p.m.
Make us preferred on Google
Mega-bank JPMorgan is looking to hire candidates for the bank’s Software Engineering Group to focus on “Collateral Blockchain Tokenization,” according to a recent job posting.
The terms “collateral” and “tokenization” in the job title are somewhat intriguing, especially since the vacancy specifications give almost no detail about what the position actually entails. Furthermore, the word “blockchain” does not appear anywhere other than in the job title.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“As a member of our Software Engineering Group, we look first and foremost for people who are passionate around solving business problems through innovation and engineering practices,” said the JPMorgan job posting.
Tier one U.S. banks are busy hiring staff to build out crypto and digital assets functions, with Citi reported this week to be planning 100 hires to beef up its digital assets division.
JPMorgan has also been busy adding staff to its Onyx blockchain, which includes a payments network and JPM coin. Within the Onyx suite of services, JPMorgan uses tokenization to represent real assets like U.S. Treasurys for intraday repo, done on a permissioned version of Ethereum called Quorum.
JPMorgan declined to comment.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Circle faces first major 'threat' for institutional dollars from Tether’s USAT
While Circle's USDC has operated without a "credible domestic competitor," Tether's USAT has the potential to shake up the landscape, analysts said.
What to know:
- Analysts said USAT, the U.S.-focused stablecoin by Tether, could become the first credible domestic competitor to Circle's USDC token.
- USAT is "a threat to USDC" and could gain an edge through institutional partners and global USDT connectivity, Crypto is Macro Now's Noelle Acheson said.
- ClearStreet's Owen Lau called USAT “a manageable risk” for Circle, and noted potential "cannibalization" risk between Tether's two tokens.
Top Stories
