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Citi, JPMorgan and SIX finally see big business in blockchain

The biggest banks have turned to blockchain to renew their processes but they are making sure to build a ‘seamless bridge’ between old and new

Tokenisation of ‘tradfi’ is set to accelerate in the next few years
Tokenisation of ‘tradfi’ is set to accelerate in the next few years Photo: Olena Koliesnik/Getty Images

Blockchain isn’t only a side project for the world’s biggest banks and exchanges. The technology that underpins crypto is big business — with hundreds of employees focused on building systems that will help overhaul traditional finance. 

Just as crypto has entered the mainstream of finance through the nuts and bolts of the financial system — rather than trading desks betting on the latest coins — banks have ploughed into the digital assets world by focusing on the plumbing of the sector. 

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