On Tuesday, Oct. 14, 2025, J.P. Morgan Payments Global Co-Head Umar Farooq spoke at The Future of Finance seminar held during the World Bank and International Monetary Fund (IMF) Annual Meetings in Washington, D.C.

The high-profile panel, with speakers alongside Farooq from the IMF, World Bank, the Monetary Authority of Singapore and Circle, examined the rapidly evolving digital finance landscape, with a focus on crypto assets, stablecoins, and their macro-financial implications. The discussion explored both opportunities and challenges, highlighting how global institutions can responsibly adopt blockchain and digital-asset innovations while maintaining trust, financial stability, and robust regulatory oversight.

Watch the full discussion here and read more in the latest edition of IMF’s Finance & Development magazine here.

Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit, has been at the forefront of innovation in blockchain technology for a decade. Recent accomplishments include:

  • Piloting JPMD, a USD deposit token, on Base, the Ethereum Layer 2 blockchain built within Coinbase.
  • Collaborating with Chainlink and Ondo Finance to bring bank payment rails to tokenized asset markets, completing a first-of-its-kind cross-chain atomic settlement test.
  • Tokenizing a private-equity fund and completing the first transaction on Kinexys Fund Flow, a new solution from Kinexys by J.P. Morgan, for J.P. Morgan Asset & Wealth Management and Citco.

Hear more from Farooq on the advancement of digital assets when he spoke at Sibos 2025 in Frankfurt in a fireside chat with Bloomberg here