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JP Morgan's Tokenization Network and Its Impact on Blockchains
The chapter discusses JP Morgan's launch of a tokenize collateralization network and its implications for other blockchains. It explains the difference between JP Morgan's tokenization and Bitcoin's decentralization, and explores the challenges faced by institutions and high net worth individuals in custodying Bitcoin securely. It also introduces a multi-institution solution for custody and warns against relying on ETF products for exposure to Bitcoin.