CoinVoice has recently learned that on October 4, according to Decrypt, Tyrone Lobban, head of JPMorgan Chase's encryption department, told attendees at the CCData Digital Asset Summit in London yesterday that "99.9%" of his conversations with clients are about tokenized forms of traditional financial instruments, not cryptocurrencies. There is extensive discussion about how to put traditional assets on the chain, and almost every global bank, broker-dealer or asset management company is doing something on a licensed blockchain or a public blockchain.

On cryptocurrencies, he blamed a recent spate of industry bankruptcies on cooling interest, saying that “some clients don’t necessarily want to get involved right now.” Lobban also commented on bitcoin’s recent price stability, saying the world’s most popular cryptocurrency “maybe more like a stablecoin now,” before adding: “The days of bitcoin’s big returns may be over for a while.” [Original link]