JPMorgan’s new blockchain chief once warned that tokenization does not equal liquidity

JPMorgan’s new crypto head Oliver Harris warns that tokenizing assets isn't a magic fix for liquidity, but believes the technology is finally ready to "rip out" and replace the financial industry's legacy back end. What to know : Oliver Harris, JPMorgan’s new head of its Kinexys blockchain division, once argued that tokenizing assets alone will not solve finance’s liquidity problems. Harris said the real transformation will come from building a global on-chain settlement layer that unifies money, assets and data on a single software platform. He said he believes technology and regulation are now mature enough for large banks’ growing investments in blockchain infrastructure to begin reshaping how markets operate.