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JPMorgan Hiring Software Engineers for ‘Collateral Blockchain Tokenization’
The intriguing vacancy doesn’t go into much detail, however.
By Ian Allison
Updated May 11, 2023, 4:08 p.m. Published Nov 24, 2021, 5:48 p.m.
Mega-bank JPMorgan is looking to hire candidates for the bank’s Software Engineering Group to focus on “Collateral Blockchain Tokenization,” according to a recent job posting.
The terms “collateral” and “tokenization” in the job title are somewhat intriguing, especially since the vacancy specifications give almost no detail about what the position actually entails. Furthermore, the word “blockchain” does not appear anywhere other than in the job title.
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“As a member of our Software Engineering Group, we look first and foremost for people who are passionate around solving business problems through innovation and engineering practices,” said the JPMorgan job posting.
Tier one U.S. banks are busy hiring staff to build out crypto and digital assets functions, with Citi reported this week to be planning 100 hires to beef up its digital assets division.
JPMorgan has also been busy adding staff to its Onyx blockchain, which includes a payments network and JPM coin. Within the Onyx suite of services, JPMorgan uses tokenization to represent real assets like U.S. Treasurys for intraday repo, done on a permissioned version of Ethereum called Quorum.
JPMorgan declined to comment.
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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
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- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
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- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
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