JPMorgan’s public blockchain move could set a new standard for institutional finance

Good morning. Many of the world’s largest banks are actively developing and piloting blockchain projects, and JPMorgan Chase has made a big move.

For years, JPMorgan has quietly built its own blockchain technology, opting for a “walled garden” approach by creating a private network accessible only to its customers. But, as my Fortune colleague Ben Weiss reports, JPMorgan is now venturing beyond those walls. On Wednesday, the bank announced it settled a transaction on a public blockchain...