JPMorgan hires former Goldman Sachs exec for Kinexys. Here is why he believes tokenization is only half the battle
JPMorgan has appointed Oliver Harris, a former Goldman Sachs executive, to lead its Kinexys blockchain division, emphasizing the need for a unified settlement layer in tokenization rather than viewing it as a standalone solution for liquidity. Harris advocates for significant infrastructure changes to enhance how financial assets are managed and traded using blockchain technology.
Oliver Harris, JPMorgan's new blockchain chief, emphasizes that while tokenization is crucial, it alone doesn't guarantee liquidity. For someone in fintech and DeFi, this suggests that focusing on developing a unified blockchain-based global settlement layer could be key to unlocking true liquidity and efficiency in digital finance. This insight underscores the importance of integrating systems that combine money, assets, and data seamlessly, which could be a lucrative area for innovation and investment.