[JPMorgan and Citigroup's Tokenization Projects Limited to Institutions, Yet to Benefit Retail Consumers] JPMorgan has facilitated over $3 trillion in transactions on the Kinexys blockchain platform, while Citi Token Services processes billions of dollars in cross-border payments daily. However, the tokenization projects of both institutions are not available to retail depositors. Monument Bank founder Mintoo Bhandari stated that current tokenization projects are primarily for internal use and have yet to make a substantial impact on the banking system or consumers. Lynq Network CEO Jerald David pointed out that fragmented infrastructure, legacy system constraints, and data security concerns result in low institutional capital efficiency and an inability to mobilize funds when needed. (Source: CoinDesk)