JPMorgan Kinexys head: Asset tokenization not a panacea for liquidity

Oliver Harris, the new head of JPMorgan's tokenization platform Kinexys, stated that while asset tokenization is not a panacea for liquidity problems, the technology is ready to completely overhaul and replace the financial industry's legacy backend systems. He told CoinDesk that the real transformation will come from rebuilding the systems that support assets, not just from tokenizing individual assets. Harris added that both the technology and regulatory landscape are now sufficiently mature, and as large banks increase their investment in blockchain infrastructure, they will begin to reshape how markets operate.