JP Morgan’s First DeFi Trade Used Polygon! | $MATIC Update

JPMorgan has executed the first live trade on public blockchain. The banking giant completed the transaction using DeFi, Tokenized Deposits, and Verifiable Credentials. Project Guardian is an initiative of MAS with financial institutions such as JP Morgan, Marketnode, and DBS Bank Ltd. Its focus is on use cases for asset tokenization and DeFi. The bank carried out the transaction on Ethereum (ETH) layer2 network Polygon (MATIC) because of its cheap transaction fees and leveraged Aave (AAVE) Protocol’s permission pool concept.

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#Polygon #Crypto #Ethereum
~JP Morgan’s First DeFi Trade Used Polygon! | $MATIC Update~
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