RaaitSaidFred retweeté

Just read @jpmorgan's annual shareholder letter and one thing stood out.
Jamie Dimon now sees blockchain-native firms as a structural threat to the old banking system.
In it he said JPMorgan needs to "roll out our own blockchain technology and continually focus on what our customers want in a very detailed way."
He also listed digital assets as a core growth area inside the Commercial and Investment Banking sectors.
This is not a side note, but a message to the firm's stakeholders.
Having spent 15 years in finance, I can tell you this kind of institutional response is almost always a precursor to a major strategic shift.
Every financial sector faces this reckoning at its own pace. Payments felt it first. Capital markets feel it now.
Insurance, credit and wealth management are next.
Companies that build for this shift will define the next chapter of finance. I made that choice in 2022 when I started building @meanwhile.
Every sector will eventually need to make it too.


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