Tokenized Deposits vs Stablecoins: Inside JPMorgan’s Kinexys w/ Naveen Mallela

In this episode of Money Code, Chuk Okpalugo and Raj Parekh interview Naveen Mallela, global co-head of Kinexys, a division within JPMorgan focused on digital assets, about the evolution and future of digital payments. Naveen discusses Kinexys's journey from a single-bank ledger to multi-bank solutions and its current focus on universal ledgers with the launch of JPMD, an institutional on-chain product. The conversation explores the challenges in cross-border payments, the role of tokenization, and the coexistence of stablecoins and deposit-based products like JPMD. Naveen emphasizes the importance of interoperability between Web2 and Web3 technologies and the need for liquidity solutions to scale cross-border payments, highlighting the potential for tokenized assets to enable real-time liquidity and more efficient cash management.