Nelli Zaltsman, the Head of Blockchain Payment Innovation at JPMorgan Kinexys, pointed out that the boundary between decentralized finance (DeFi) and traditional finance (TradFi) is expected to disappear in the coming years.

At the 2025 Cannes RWA Summit, Zaltsman spoke alongside Sergey Nazarov, co-founder of Chainlink Labs, stating that JPMorgan is actively promoting the integration of institutional-grade payment infrastructure with emerging on-chain assets, which could become a significant turning point for mainstream blockchain adoption.

Zaltsman said, "Our goal has always been to explore the best ways to collaborate with public blockchains under compliance." She described JPMorgan's blockchain strategy as "asset-agnostic," dedicated to providing clients with real-time access across multiple networks while minimizing operational friction.

The banking giant recently partnered with Chainlink to pilot Synchronized Settlement Technology, allowing JPMorgan's blockchain-based deposits to coordinate transactions across different blockchains. Nazarov called this milestone an "early signal of how large banks are connecting traditional capital with the digital asset market."

Zaltsman predicts that the artificially set boundaries between traditional finance and decentralized finance will dissolve faster than many expect, thanks to improved infrastructure and a heightened willingness for industry collaboration.

She noted that ten years ago, JPMorgan had to build its private blockchain due to a lack of suitable solutions. "Fortunately, the situation is vastly different today," Zaltsman said, "The industry has developed over the years and finally has affordable tools that can truly support business."

"I hope this integration can be realized soon… We should focus on the technology itself and how to assist different users, rather than maintaining these artificially imposed boundaries," Zaltsman added.

Last month, JPMorgan piloted the launch of a new deposit token, JPMD, on Coinbase's Base network, further expanding its blockchain footprint. Zaltsman stated that this launch is "an exciting milestone for the team, and I believe it is also our guiding moment."

Unlike stablecoins, these deposit tokens remain within the banking deposit system but provide customers with direct access to blockchain-based markets, effectively connecting on-chain liquidity with institutional cash management.

Meanwhile, Nazarov emphasized the driving effect of JPMorgan's participation on the entire industry. "JPMorgan's initiatives can prompt other global banking institutions to pay attention and follow suit," he said.

Nazarov also pointed out that today, crypto proofs and smart contracts can provide smaller counterparties with the same reliability as top banks, thereby unlocking new opportunities in the capital markets.

"They can prove solvency through crypto means and utilize smart contracts or oracle networks for verification through compliance engines," he added, noting that this change is expected to enhance competitiveness and product innovation in the financial services sector.

Related: Thanks to Trump's "Big and Beautiful Act," Bitcoin (BTC) could reach $150,000 in a few weeks.

Original: “JPMorgan: The Convergence of DeFi and TradFi May Arrive Sooner Than Expected”

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