The new research center will provide blockchain, AI, and cryptographic R&D services to the global enterprise.
On February 21, JP Morgan’s DeFi Onyx platform leader Tryone Lobban confirmed that the Wall Street giant has opened a research and development (R&D) center in Athens, driving innovation in the blockchain, AI and blockchain industries. and global encryption.
Accordingly, this R&D facility initially focuses on building payment capabilities that support the DeFi Onyx platform.
JP Morgan is said to have moved its wealth management division to its new office in Athens. In addition, the new center is also recruiting four more technical positions, including 2 full-stack developers, 1 mobile application engineer and 1 technical manager.
Since owning the “JP Morgan Wallet” brand, the US banking king has been getting deeper and deeper into the crypto industry. In February 2022, JPMorgan made a spectacular transformation when it decided to jump into the metaverse with Decentraland.
JP Morgan also completed the first cross-border transaction on a public blockchain, in partnership with Bank of New York Mellon and Fidelity.
In its latest Global Market Strategy Report, JP Morgan is optimistic that crypto and the traditional financial industry can “come together” after regulatory clarity.