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JPMorgan Chase & Co. claims to see a large number of financial opportunities

Financial Associated Press (Shanghai, editor Zhao Hao) news, the top U.S. investment bank JPMorgan Chase opened a lounge in the virtual world: after entering the door, visitors were greeted by a large head photo of the company's chief executive Jamie Dimon, and there was a tiger wandering indoors.

Walking upstairs, visitors will also see a JPMorgan executive's speech on the crypto economy. The lounge, built by JPMorgan's blockchain arm Onyx, is located in a shopping mall called "Metajuku" in the virtual world platform Decentraland.

JPMorgan Chase & Co. claims to see a large number of financial opportunities

Decentraland is arguably one of the hottest platforms in the metaverse right now. In the platform, visitors can explore the world using its virtual currency "MANA" to buy goods including land.

Samsung previously opened a virtual flagship store in Decentraland, where the government of Barbados also set up a virtual embassy as a hub of activity to strengthen bilateral ties with governments. However, wall Street's top investment banks have entered the virtual world for the first time.

Compared with its peers, JPMorgan Chase's enthusiasm for meta-universes, blockchain technology and applications is significantly higher. Christine Moy, Global Head of Onyx, said in an interview, "Right now, we are focused on driving the external value chain by providing our customers with infrastructure including blockchain and payment technology. ”

A report released by JPMorgan Chase & Co. said the success of the metacosmity depends on having a "strong and flexible financial ecosystem" in which the company's core capabilities in cross-border payments, foreign exchange, financial asset creation, trading and custody can play a "major role in the metacosm".

JPMorgan Chase & Co. claims to see a large number of financial opportunities

Moy said, "Similar to JPMorgan's role in the real world, we are perfectly capable of combining global trade and commerce, and I hope we have a place in all major metaversms." ”

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