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A series of crypto business failures blocked millions of dollars in customer funds this year, underscoring the level of trust needed for groups that are the custodians of digital assets.

JPMorgan Chase

can see an opportunity.

The United States Patent and Trademark Office on November 15 approved a brand for “JP Morgan Wallet”, positioning the largest US bank to eventually expand into crypto custody solutions. The trademark registration, released on Monday, follows a July 2020 filing by

JP Morgan

Chase (ticker: JPM).

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