News linked to both this project and an event.
According to CoinDesk, Jeremy Barnum, Chief Financial Officer of JPMorgan Chase, stated during the company’s first-quarter earnings call that stablecoins—offering bank-like products without being subject to regulatory and consumer protection standards equivalent to those applied to bank deposits—could evolve into tools for “regulatory arbitrage.” He emphasized that if stablecoin issuers allow users to earn interest on reserve assets, this would create a business model similar to banking but lacking capital, liquidity, and safeguarding requirements, resulting in unfair competition. Barnum noted that JPMorgan supports the establishment of a clearer U.S. regulatory framework for digital assets and related yield-bearing products, though he stressed that consistency is more important than speed. Currently, JPMorgan is modernizing its payments business through its blockchain division, Kinexys, which has launched JPM Coin and tokenized deposits. Data shows JPMorgan’s net income for the first quarter rose 13% year-on-year to $16.49 billion.
Securitize announced the appointment of Brett Redfearn as President and a member of its Board of Directors. Redfearn previously served as Chair of Securitize’s Advisory Board and has now been elevated to this senior leadership role. He brings extensive experience in regulatory and market structure matters from his prior roles at the U.S. Securities and Exchange Commission (SEC), JPMorgan, and Coinbase. Securitize stated that Redfearn will lead the expansion of its regulated platform businesses—including compliant token issuance, trading, and fund management—and will focus on strengthening collaboration with regulators and institutional investors to support the development of a next-generation, tokenization-based financial infrastructure.