However, the intriguing job description doesn’t provide much detail.
Mega-bank JPMorgan is seeking candidates to join its Software Engineering Group, to work on “Collateral Block Tokenization,” according to a recent job advertisement.
It is somewhat surprising that the job title includes the terms “collateral” or “tokenization”, especially as the vacancy specifications don’t give much information about the actual position. The job title does not contain the word blockchain.
The JPMorgan job posting stated that “As a member of our Software Engineering Group we look first and foremost to people who are passionate about solving business problems through engineering practices and innovation.”
U.S. Tier 1 banks are busy recruiting staff to develop crypto and digital asset functions. Citi reported this Week that 100 hires were planned to strengthen the division of its digital resources.
JPMorgan has been busy adding people to its Onyx Blockchain. This includes a payment network and JPM coins. JPMorgan uses tokenization within the Onyx suite services to represent real assets such as U.S Treasurys for intraday repos. This is done using a done on a permissioned version of Ethereum version called Quorum.
