JPMorgan CEO: Tokenization and blockchain are entering a truly usable phase, with core value in efficiency and cost.

In a recent interview with Fox, JPMorgan CEO Jamie Dimon mentioned that they can process $16 trillion in fund flows within a single day, with all transactions going through AML, risk controls, sanctions screening, and anti-fraud systems. These processes are both fast and low-cost. He emphasized that this is why banks continue to adopt technology, and tokenization will follow the same path.

He said that blockchain has existed for years, but is now becoming more efficient because the industry is finding “faster and cheaper” ways to use it, whether through permissioned or permissionless chains. In his view, smart contracts are “very likely to become real-world applications.”