Jamie Dimon admits blockchain is "real and efficient," JPMorgan accelerates global adoption

Source: CritpoTendencia Original Title: Jamie Dimon admits that blockchain is “real and effective” as JPMorgan accelerates its global adoption Original Link:

Recognition of Blockchain Technology and Institutional Applications

In a recent interview with Fox Business, JPMorgan Chase CEO Jamie Dimon made a significant shift in his historical stance on the cryptocurrency space. While he remains skeptical of BTC, he acknowledges that blockchain technology has become “real” and “efficient,” and is increasingly adopted by institutions seeking faster and cheaper transactions.

Dimon stated: “As a payment system, a network, if we can leverage these technologies to do better, faster, and cheaper for clients, we will.” His comments align with JPMorgan’s expansion of blockchain plans in enterprise infrastructure and tokenization projects.

Regulation, GENIUS Act, and Its Stance on Bitcoin

The executive emphasized the need to establish regulatory “protections” around the adoption of blockchain technology, mentioning compliance standards, Know Your Customer rules, and government oversight. This comes after the U.S. approved the GENIUS Act in July 2025, the first federal framework for stablecoins requiring one-to-one reserve backing with the dollar or low-risk assets.

Despite supporting blockchain technology, Dimon remains critical of BTC. He recalled early comments from January 2024, when he called BTC a “pet rock” and claimed it primarily facilitated illegal activities. He said at the time, “I respect your right to use Bitcoin, but my personal advice is not to participate.”

Corporate Progress: Kinexys, BMW, and Global Automation

Apart from controversy, JPMorgan’s blockchain activities are stable and growing. Its Kinexys network, launched in 2019, handles approximately $5 billion in transactions daily. According to Bloomberg, the platform enables automated large-scale cross-company currency flows based on predefined rules, without manual intervention.

BMW Group is one of the most notable recent cases. The company uses Kinexys to automate transfers between Frankfurt and New York, triggered when balances fall below preset thresholds.

According to Group CFO Stefan Richmann, the network’s programmability reduces the need to maintain extra reserves to handle volatility and speeds up operational efficiency.

JPM Coin and Institutional Tokenization

In November, JPMorgan launched JPM Coin (officially named JPD) through a blockchain for institutional clients. This token allows near-instant 24/7 transfers and will be accepted as collateral on certain compliant platforms.

Additionally, the bank plans to enable these assets as collateral in secured loans by the end of 2025, using external custody solutions to protect pledged assets.

The combination of Kinexys, JPM Coin, and the regulatory requirements of the GENIUS Act consolidates JPMorgan’s position as one of the most influential participants in blockchain adoption within traditional financial systems, even as its CEO continues to publicly distance himself from BTC.