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JPMorgan's Digital Debt Platform Welcomes First Third-Party Custodian, DaoBank
ByAinvest
Thursday, Aug 21, 2025 11:57 am ET1min read
DaoBank has launched services on J.P. Morgan's Digital Asset Platform, becoming the first third-party custodian to do so. The platform provides institutional clients with blockchain-based debt security custody services.
DaoBank has made history by launching services on J.P. Morgan's Digital Asset Platform, becoming the first third-party custodian to do so. This strategic move allows DaoBank to offer institutional clients blockchain-based debt security custody services, marking a significant milestone in the adoption of digital technologies in the financial sector.The integration with J.P. Morgan's Digital Asset Platform enables DaoBank to provide seamless custody services for debt securities issued, settled, and serviced using blockchain technology. This modern approach to debt management delivers a more efficient and reliable client experience, with features such as precision-timed settlement and automated technical connectivity.
The announcement comes as part of a broader trend in the financial industry to embrace blockchain technology. J.P. Morgan's Digital Asset Platform is built on its multi-asset tokenization platform, Kinexys Digital Assets, which facilitates the issuance, delivery-versus-payment settlement, and lifecycle management of debt securities.
DaoBank's participation in this platform demonstrates its commitment to digital innovation and its ability to meet the evolving needs of its clients. By leveraging blockchain technology, DaoBank can offer clients a more secure and efficient custody solution, while maintaining the regulatory compliance standards expected from traditional custody services.
The launch of DaoBank's services on J.P. Morgan's Digital Asset Platform is a testament to the growing acceptance and integration of digital assets in the financial ecosystem. As more institutions adopt blockchain-based solutions, the market is likely to see further advancements in the efficiency and security of debt securities custody.
References:
[1] State Street Corporation. (2025). State Street Becomes First Third-Party Custodian to Launch on J.P. Morgan’s Digital Debt Service. Retrieved from https://www.nasdaq.com/press-release/state-street-becomes-first-third-party-custodian-launch-jp-morgans-digital-debt
[2] AInvest. (2025). Bitcoin News Today: Dutch Crypto Firm Amdax Launches Bitcoin Treasury Strategy for Institutional Clients. Retrieved from https://www.ainvest.com/news/bitcoin-news-today-dutch-crypto-firm-amdax-launches-bitcoin-treasury-strategy-institutional-clients-2508/
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