JPMorgan has launched its JP Morgan Deposit (JPMD) token, marking a significant step in the integration of digital assets into traditional banking. This token is designed to facilitate seamless transactions and improve liquidity management for clients. The initiative reflects JPMorgan's commitment to innovation in the financial sector and its exploration of blockchain technology.

Google has introduced a new Layer 1 blockchain specifically designed for banks, featuring smart contracts based on the Python programming language. This initiative aims to enhance the banking sector's integration with blockchain technology, providing a secure and efficient platform for financial transactions. The move reflects a growing trend of major tech companies entering the blockchain space to innovate traditional financial systems.