Tag: Umar Farooq

JPMorgan to Tokenize Gold Bars
Business

JPMorgan to Tokenize Gold Bars

Umar Farooq, JPMorgan’s Head of Blockchain Initiatives, recently said in an interview that the banking giant will be ‘tokenizing’ gold bars on the Ethereum network. The assets will be represented on Quorum, JPMorgan’s enterprise blockchain built on Ethereum. JPMorgan has had their share of criticism of the blockchain-based industry, but it seems that the banking…