According to Bloomberg, JPMorgan previously issued tokenized 100,000 Singapore dollars on Polygon and traded with Japan’s SBI Digital Asset Holdings for tokenized yen, a deal for Singapore’s central bank to explore the use of DeFi in the banking industry. part of the pilot program. Although this transaction is not a cryptocurrency transaction, it is the first time that JPMorgan Chase has executed a transaction on a public chain. In addition, this transaction also involved the use of a "modified version" of Aave. The JPMorgan executive said it will continue to explore the use of other blockchain networks.