The gap between decentralized finance (DEFI) and traditional finance (tradfi) could disappear in the coming years, according to Nelli Zaltsman, responsible for innovation of blockchain payments at Jpmorgan’s Kinexys.
Speaking alongside the co-founder of Chainlink Labs, Sergey Nazarov, at the Summit Rwa Cannes 2025, Zaltsman said that JPMorgan pushes to merge the institutional quality payment infrastructure with emerging assets, signaling what could be a tilting point for the adoption of blocking blocks.
“Our goal has always been to find the best way to work with public blockchain, allowing a regulatory environment,” said Zaltsman. She described the JPMorgan blockchain strategy as “Asset Agnostic”, aimed at giving customers real -time access to several networks while minimizing friction.
The banking giant recently piloted the synchronized settlement technology with ChainLink, allowing deposits based on JPMorgan blockchain to orchestrate transactions on different blockchains. Nazarov described the milestone a “very early sign” of how large banks can connect traditional capital with digital asset markets.
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Zaltsman predicted that the artificial borders separating traditional and decentralized finances would dissolve more quickly than much expected, driven by an improvement in infrastructure and an increasing will of the industry to work together.
She noted that a decade ago, JPMorgan had to build her own private blockchain due to the absence of appropriate solutions. “Fortunately, this is not the case today,” said Zaltsman. “It took many years for there to be tools that are somehow underestimated and in support,” she added.
“I hope that this convergence will occur as soon as possible … We are starting to consult the technology for what it is and how we can help different users and not … have these artificial limits,” said Zaltsmann.
Last month, JPMorgan expanded its blockchain efforts by piloting its new deposit token, JPMD, on the basic Coinbase network. Zaltsman called the launch of “exciting milestone for the team and I think the genre of Northstar’s moment for us”.
Unlike the stablescoins, these deposit tokens remain in the bank’s deposit system while providing customers with direct access to blockchain markets, effectively punctuating onchain liquidity with the management of institutional species.
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Meanwhile, Nazarov highlighted the impact on the JPMorgan participation industry. “What JPMorgan does is that it can lead many other banking institutions in the world to note it,” he said.
Nazarov also pointed out that cryptographic evidence and intelligent contracts can now give smaller counterparts the same reliability as high -level banks, unlocking new opportunities in capital markets.
“They can prove that solvency, you know, by cryptographic means. They can prove through intelligent contracts or Oracle networks, thanks to compliance engines, verification of things,” he said, adding that this dynamic could stimulate competition and innovation of products through financial services.
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