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CoinDesk Podcast Network

MARKETS DAILY: Live from Consensus 2024 | Coexistence of Crypto and Traditional Finance

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 29 May 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

The growth and focus of the ONYX Team at JP Morgan with their CEO and Co-Head of Global Payment Sales, Umar Farooq. Sponsored by BitGo.  To get the show every day, follow the podcast here. Today "Markets Daily," segment is “LIVE” from Consensus 2024 in Austin, Texas. It covers a range of topics including the energy and innovation at the event, market perspectives, the Onyx project at JP Morgan, tokenization, the role of crypto in traditional finance, partnerships with crypto native companies, and the future of ONYX.  Takeaways |  The Onyx project at JP Morgan has been a decade-long journey, focusing on tokenization and synchronized payments. The conversation explores the coexistence of crypto and traditional finance, the role of partnerships with crypto-native companies, and the future of ONYX. Challenges and opportunities in the crypto and blockchain space are discussed, along with the growth and focus of the ONYX team at JP Morgan. Chapters |  00:00 Exploring Innovation and Market Perspectives at Consensus 2024 02:21 The Onyx Project: Tokenization and Synchronized Payments 05:05 Coexistence of Crypto and Traditional Finance 08:16 Partnerships with Crypto Native Companies and the Future of ONEX 11:32 Challenges and Opportunities in the Crypto and Blockchain Space 13:22 Growth and Focus of the ONYX Team at JP Morgan LINKS |  Onyx by J.P.Morgan BitGo  - This episode was hosted by Jennifer Sanasie and Helene Braun. “Markets Daily” is produced by the CoinDesk team: production assistant Victor Chen, senior producer Michele Musso, executive producer Jared Schwartz, and Senior Booker, Melissa Montañez. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Welcome back to CoinDesk Live from Consensus. We are coming to you from the Coin Desk podcast studio

0:04.6

presented by BitGo, founded in 2013 with the first institutional grade Bitcoin wallet. BitGo

0:09.8

is the gold standard in custody, staking, and settlement. Today, BitGo supports over 800 coins

0:15.0

and processes 20% of all Bitcoin transactions by value. Check them out at BitGo.com.

0:20.8

Official events kicked off just about an hour ago,

0:23.3

and we are thrilled to be surrounded by so many incredible people in this space.

0:28.6

We've got huge names and crypto joining our live programming today.

0:31.8

One of them is coming up in just a few minutes,

0:33.6

so you have to stick around to find out who that is.

0:35.6

But later, we have Trust Machine CEO, Medib Ali, joining us and 21 co-president Ophelia Snyder. So stick around to hear from them.

0:43.5

I'm Jen Sanasi, and I'm here with my co-host, Market supporter, Helene Braun. Hey, Helene. Hi, Jen.

0:49.3

How are you? I am fabulous, and we never get to do a show together so I'm very excited I know I was just gonna say you're my co-hose but we never actually co-hose on a podium together so this is so great I'm so happy to be here I know and if our guests are wondering who is joining us right now we have CEO of Onix at JPM Morgan Umar Farouk

1:10.4

Hi good morning good morning Thanks for having me.

1:13.6

How's consensus going so far? I know we just started, but how are you feeling?

1:17.6

I think the energy is very, very high this year. I think that's great to see. I love this event generally because

1:23.6

I feel like every corner of consensus is always bubbling with innovation.

1:28.6

And, you know, there's nothing but cool ideas all over the place.

1:32.0

I know. I just did a shoulder shimmy there because I'm so excited.

1:35.9

Helene, you've been around this morning.

1:37.4

What are you looking forward to from Amarar's perspective before we get into our conversation

1:41.4

with Omar?

1:42.4

I feel like it's always hard when you're at a conference like this.

...

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