DeFi: JP Morgan Unveils Its Crypto Trading on Polygon and Aave

Like taste… – It’s the first time! They mark us forever and leave us dreaming, speechless before the field of possibilities that opens up to us. It’s a bit like this feeling we feel today when we discover this new information: The Monetary Authority of Singapore (MAS) led the first industrial pilot for digital assets and decentralized finance. All this under the supervision of large international banks which are increasingly interested in tokenization.

Institutions face the tokenization of assets

Cryptocurrencies still repel a large majority of the population, regardless of whether they are educated in the economic system or not. Bankers (central or not) hold back the four barsthe ever-increasing adoption of Bitcoin and Ethereum. Indeed, the attractiveness of returns and the speed of transactions are all points that undermine the current system, which is forced to adapt. And to take the positive where it is.

Although crypto assets have some risks and limitations, they highlight the issue of tokenization of our exchanges. A question the Monetary Authority of Singapore is trying to answer. And, the best way is to put your hands directly on the fat.

Aave’s boss applauds the work of his teams

MAS therefore carried out, for a first world, the simulation of exchange government bonds for currency groups including Singapore government bonds, Japanese government bonds, Japanese yen and the Singapore dollar “.

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This is the story of JPMorgan, Aave and the Monetary Authority of Singapore

Not a bad start to a joke, right? Besides, it’s not like that. The local monetary police has just discovered this exchange of a new nature his website. Singapore is currently exploring DeFi opportunities and has commissioned JPMorgan, Deutsche Bank as well as SBI Digital to conduct its transactions. These operations take place within the project ” Caretaker”?

And on which blockchain will you tell me? Because there is one thing that does not appear in this official note: the infrastructure used for these transfers. Therefore, we will request good faith oblivion on the part of MAS when citing DeFi protocols the polygon AND Aave which allowed this exchange to go like clockwork. This is great news for the ecosystem as a whole.

A live multi-currency transaction involving tokenized deposits in JPY and SGD was successfully completed. In addition, a simulated exercise involving the purchase and sale of government bonds was conducted.


If there is currently little chance that our beloved cryptos will be adopted as is by all corporations and nations, it is a safe bet that they will evolve our uses, our current ways of communicating, consuming, controlling the Internet. A vast field of possibilities, which he hardly dares to dream of, as this first time unfolds smoothly.

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