Hello fellow rebel capitalists hope you're well. So you read right

J.P. Morgan and Black Rock everyone's two favorite financial entities

announce a huge new partnership.

Let's shoot right over to Zero Hedge and check this out.

J.P. Morgan debuts tokenization platform, Black rock among key clients and this is authored by

prescient jaw apologize if I'm mispronouncing his name. He or she is with coin telegraph.com and this is via zero hedge.

The tokenized collateral network they're calling this the TCN enables the conversion of

traditional assets into digital assets and makes way for faster and more

secure on-chain settlements.

So the people that are kind of neck deep in crypto

and Bitcoin and whatnot, not all of them.

Some of them see this as just this great step forward that all these financial institutions are adopting

their technology and I tend to see it differently. I see it much differently. So first and foremost let's remember that all a

CEDC is is a unified ledger, right? And it is true that J.P JP Morgan and Black Rock are now using this

distributed ledger technology here or excuse me, are using blockchain.

God darn it, man, I hate zero heads sometimes.

So they're using blockchain and what they're doing is they're collateral,

they're tokenizing collateral, and then they're settling the transactions using that

collateral using the tokenized collateral on the blockchain.

I make sure I get my terminology correct here.

So they're not using their own ledger for this.

So that's the good news.

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