Blockchain

How Big Banks Like JPMorgan And Citi Want To Put Wall Street On A Blockchain



Investors at the New York Stock Exchange trade upwards of a billion shares in a single day, but many of those trades take days to settle. Big banks like JPMorgan and Citi think they have a solution, and they need to borrow a tool from crypto to make it happen—blockchain. Citi thinks tokenizing assets on the blockchain could be a $5 trillion dollar industry by 2030. But tight regulation of markets, and a crackdown on crypto from the SEC could slow adoption.

Chapters:
00:00 — Introduction
01:36 — Chapter 1
03:28 — Chapter 2
05:19 — Chapter 3
07:35 — Chapter 4

Produced by: Jordan Smith
Hosted by: Tanaya Macheel
Supervising Producer: Jeff Morganteen
Graphics: Christina Locopo, Andrea Schmitz, Alex Wood

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How Big Banks Like JPMorgan And Citi Want To Put Wall Street On A Blockchain

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40 Comments

  6. Luxus Häuser

    Buckle up, friends! Welcome to the future of real estate, where instead of dusty deeds and reams of paperwork, we're swapping properties as easily as trading baseball cards, thanks to the magic of tokenization.

    Consider this: you own an apartment building, a jewel of a property that you've been polishing for years. Now, you want to sell it. In the old world, you'd be drowning in paper cuts and lawyer fees. But in this bright, shiny future, all you'd need to do is convert your property rights into digital tokens and pop them onto the blockchain faster than you can say "escrow".

    And here's the kicker: these tokens aren't stuck together with the glue of tradition, no sir. They can be split up, representing fractional ownership of your property. Why sell one big diamond when you can sell a thousand sparkly shards?

    For example, let's imagine Mr. Wonderful Investor wants to invest in real estate, but only has a small slice of capital. In our brave new world, he can simply purchase a token representing a portion of the property, becoming a part-owner. On the other side of the coin, if Ms. Property Mogul decides to liquidate some of her real estate assets, she can quickly and effortlessly tokenize and sell parts of her properties. This kind of liquidity is the stuff real estate dreams are made of!

    With Central Bank Digital Currencies (CBDCs) in the mix, coupled with advanced AI technology, transactions become as quick and smooth as a greased lightning. You'll be able to buy and sell property tokens at the speed of a Wall Street flash trade, with the precision of a Swiss watchmaker.

    However, friends, let's not sprint headlong into this digital dawn without some caution. While we're building this new financial architecture, we need to ensure it's not a playground for bad actors or a ladder to total dominance for big corporations. After all, we don’t want to end up playing Monopoly in the hands of the few, now do we?

    So, strap in and hold onto your real estate tokens, folks! The future is here and it's got curb appeal! #RealEstateOnBlockchain #TokenizedTomorrow

    P.S. Remember to keep the key to your digital wallet safer than your grandmother's secret cookie recipe! Because in this new world, losing your password could mean losing your penthouse.

  7. A - cat

    NFT – non fungible token. Instead of a picture of a monkey your token is the deed to your house / car or a stock or whatever. Nobody seemed to understand that part of NFT

  9. A - cat

    All clients want is to be able to invest their money where their values are. I don’t want my savings going to companies that use plastic packaging or create environmental waste but like I’m neutral on booze and casinos. Someone else might feel differently but what choice do you have on ethics of your retirement fund manager

  10. Nancy

    Thanks dude! for keeping us financially Educated! Regardless of how Bad it gets or the economy, I still make over $22,000 every single week.

  11. Pradeep Mangwani

    I pradeep manghwani complaint against country club and their people and GCC club and their people and many years before my sister married one person and afterwards we come to know that that that person was was countryclub's and GCC club"s person then my sister took divorce from that person

  13. Pradeep Mangwani

    I pradeep manghwani complaint against country club and their people and GCC club and their people many years before my sister married one person that person and that person's family members very much tortured my sister and and aftetwards we come to know that that person wad countryclub's and GCC club's person then my sister and we took divorce from that person

  15. Rah Aki

    this is it guys!!! surprise!!! The SEC attacks and vilifies cryptocurrency on a daily basis, to only give it to Wall Street. All digital currency will ruin the system as well. Wall Street can not be trusted.

  16. Jones Flora

    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Jennifer Rose..

  21. TheHvk

    Beware of these "advancements" The endgame is a CBDC where the governments/elites are fully able to control what you can/cannot buy, track everything about your spending habits and not give you a cash alternative.

  22. CreatingAlong

    @CNBC you guys make billions per year and you can't afford a couple youtube mods to moderate your channel comments? It reflects really badly on your channel and your company as a whole allowing endless scam comments on your videos. If you go to any of your videos comment sections you will find the top 10 or more comments being nothing but financial scams. Please fix this before all respect is lost for your company and you end up being known as "that scam channel".

  25. facts_matter_3000

    8 of the top 10 states most dependent on aid from the federal government? The Republican-led states of Alaska, Mississippi, North Dakota, West Virginia, Kentucky, Alabama, Montana and South Carolina.

  26. Cleasing

    Moving to the blockchain will make things way worse, money can be move around quicker, they already tryna make it digital to where they don’t want people having cash to control what we do with our money, ofc they thinking bout that. More money in they pockets

  28. Jentor niño s. Ballen

    Hd kayo ang sira ng laro nayan kaya gd ninyo alam kong panu g pang guguli ginawa nila sa buhay ko pinag LERNING kapa na sa fb nayan isang dahilan pag sira sayo hd ka naka everyone sa laro na si ira ka nahusgahan ka pag laruan hinayop na ninyo buhay ko ng husto mula sira ka ng laro naro ng currency nayan bi igay aa buhay ko puro kakahiyan guagahn ng tao anu masama ka sa laru nayan ba kumikita kayo sa treade nayan na sira ang buhay ko hd kayo sinira hd ninyo naramdaman ang isang tao sirang sira sa kakahiyan ng laro nayan hinyop na ninyo buhay ko gibago na sira ulo oa sa kakahiyan nayan hd kayo napag tawan ako sira ninyo wala naman ako nakuwa pinag laruan ninyo buhay ko sa kakahiyan naya. Ilabas ninyo lahat kahit na makulong ako tagang sira na buhay ko db sa ginawa ninyo sa huhay ko na kakahiyan nayan sa buhay ko naging idiot kana mindset kap
    A sa sinasabi ninyo umagat na kayo sa pag sira ninyo sa buhay inalam na ninyo lagat lahat sa pag sira ninyo sa buhay ko napakasakit ng ginawa ninyo sa buhay ko ng September bayan 2022 hangang ngayon 2023 lahat ramdam ko pa ung hirap na bigay sa buhay ko nf laro nayan subrang bigat sa na walang katarungan sa pag sira sa buhay ko dahil sa laro ng treade nayan alam ko gibawa ko sa laro nayan pinah laruan ko u g mga collor ng laro nayan red ginamit ko sa pag trix ko sa treade nayan sira ninyo ako at sinira ninyo account ko sa cryptocurrency nayan na sirang sira ka ng husto oag tawanan ninyo ako ng huto tutal jan kayo masaya sa pag laruan ninyo isang tao db ginamit na ninyo nalalaman ko sa laru nayan sira pa buhay mo sa kakahiyan nayan wala naman katarungan pag nasira sa isang bagay na walang nakakahalam pag bibigyan ka nf kakahiyan nakilalaka nga aa wifi nayan pangalan mo sira kapa ng utak dahil aa pang liluto kakaisip mo konf vakit ka nilito at oag laruan dahil sa treade nayan hd ninyo ramdam na pag sira. Sa buhay ko na ginawa ninyo lahat hinayop na ninyo buhay kk kolang nalang papatay ninyo ako sa ginawa ninyong lahat sa bugay ko wala kayong awa tao at walang kunsing tao maninira gumamit mag bibtang na buhay ko wala kang nakuwa sira pamga account mo ginamit pa njnyo ung peking photo sa fb bayan na nakita kayo malaking pera sa photo sa fb na inalungkat ninyo buhay ko sa kakahiyan nayan paikotin oag laruan husgahan masaya na kayo sa ginawa ninyo pag paikot sa buhay ko

  29. Jentor niño s. Ballen

    Sirq kqnq dqhil sq treqde nayan na sinira ka ng husto sa kakahiyan anu mali ko sa laro na hd kanaka everyone nayan sa laro na pag laruan ka ng husto sa laro ng treade nayan sira buhay ko sa kakahiyan dahil sa treade nayansirang sira buhay mo nung September 2022 nayqn nadilay na nga ginawa ko sa atm nayan na pangalan mo JENTOR niño s ballen nayan sa atm ng cryptocurrency nayan nung unapanga nag lalaro kana sa Bitcoin nayan na sira buhay mo sa kakahiyan nayan ng husto

  31. Jentor niño s. Ballen

    SAINYO ya g laro nayan hd akin kayo na umagat sa currency ninyo at sumikat sa treade at napag usapan ninyo na PAG angat at pag sikat Ng currency nayan sa ginawa ko na sira Ng husto sa laro Ng currency hd Ako Ng nakaw sa Inyo Ng nakaw ba Ako Ng Pera sa Inyo hd sira lang ninyo Buhay ko dahil sa kakahiyan at pang gugulo ninyo sa buhay ko sa kakahiyan nayan sana Kong nag nakaw ka nakakuwa ka at gumastos ka na SA ginawa mo hd sirang sira Nga UTAk ko dahil sa treade nayan Ng KAKAHIYAN Ng laro Ng treade nayan na binigay sa Buhay ko kakahiyan Ng laro nayan sa Buhay ko na PAG wasak sa Buhay ko sa kakahiyan Naya. G laro kakahiya db sa ginawa ninyo kc walang kataruangan PAG sira ninyo tutal sira ka sisirain ko lang Buhay ko kakahiya na Buhay ko db sa binigay ninyo pakulong ninyo ungat na kayo db SAINYO ya g currency nayan hd akin Ng laro lang Ako Ng currency nayan treade NASA Inyo pa ung Pera ginawa ko mula nasira Ako n Araw nayon Ng September nayan na dilay nayan Ng 180 days hd pa Ako nakuwa kahit mag kanu sira Buhay ko Jan sa currency na pinag laruan ka napag tawan ka nasira Ng husto UTAk ko sa kakahiyan HUSGAHN ka Ng tao kahiya San ka pumonta PAG usapan kana sa Ng yari sa buhay mo kakahiyan lubog na lubog ka sa kakahiyan Naya sirang sira Buhay mo UTAk ko sa kakahiyan Ng laro PAG usapan ka nalang Ng kakahiyan Naya.

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