Ant International Uses JPM Coin For Billions in Programmable, Real-Time, 24x7, Treasury Management Payments! (Part 3)
Tokenization is all about programmability, JPM and client Ant International show why!
The future is now as JPMorgan that shows how Ant International, using JPM Coin, has achieved the impossible: 24x7, AI-programmed, blockchain-based treasury management.
👉Part 1: How real and big is tokenization: HERE
👉Part 2: Singapore’s GL1 shows Asia is leading tokenization: HERE
👉Part 3: Real example of why programmability is so important: HERE
In this example, JPM provides a real-world example of how its “JPM Coin’s” blockchain-based programmability is transforming Ant International's cash management operations.
Ant International is part of Ant Group and can't be beaten for cutting-edge fintech!
JPM Coin is a blockchain-based demand deposit product that allows their clients to make cross-border payments between JPM Coin accounts on a 24x7, real-time basis.
The coin has daily transaction values exceeding USD $1 billion, proving once and for all that blockchain is real!
So what did Ant International do?
👉TAKEAWAYS
🔹 Ant International developed a proprietary blockchain treasury management system with AI-based programmable triggers to facilitate real-time market liquidity monitoring.
🔹 The AI system allowed excess funds in one region to be transferred to higher yield accounts or allowed accounts with insufficient funds to be topped off in real-time using the programmable JPM Coin.
🔹 Ant’s system was connected to JPM Coin so that Ant’s AI-selected programmed transfers could receive immediate 24x7 cross-border settlement across its global treasuries This reduced Ant’s funding costs and liquidity risks.
🔹 Ant Int’l used JPM Coin on billions of dollars in transactions
🔹 JPM sees three primary uses for programmability in treasury management
Dynamic funding: Rather than forecast cash flows across global operations, it can now move money like Ant in real-time.
Automated release of payments: Here, the release of payments can be authorized by connected IoT devices or a third-party logistics provider.
Automated margin funding and settlement: This will reduce the potential for funding failures and forced liquidation of positions for clearing members.
👊STRAIGHT TALK👊
What Ant and JPMorgan have achieved is nothing short of incredible and I confess that my jaw dropped open when I read that billions have been run through the program.
Let me tell a story. Years ago, I used to sit next to traders for my bank’s treasury on the trading floor. Their job was to ensure that the NYC bank had adequate reserves from its European parent.
The problem was that when markets moved they couldn’t know how much the bank would need. They’d have to guess and, to be safe, keep unnecessarily large reserves, which cost the bank money.
Now, with real-time transfers and AI-generated programmable payments, all but one or two of that trading desk would be out of a job, and there would be no need for expensive reserves!
Programmability allows the treasury function to be reduced to a set of commands, and real-time cross-border payments allow the programs to be executed as fast as the AI generates them!
If that doesn’t make you see the revolution that programmability will bring to finance, nothing will.
Tokenization and programmability are about to change our world.
Brace for impact.
What do you think?
Part 1
Part 2
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