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MUFG Bank, J.P. Morgan and 5 Institutions Establish New Organization to Set Common Standards for Tokenized Assets
- Five institutions, including MUFG Bank and J.P. Morgan's blockchain division, jointly launched the new nonprofit on November 4.
- The organization is headquartered in Singapore and focuses on building shared standards for tokenized assets.
- The initiative aims to improve interoperability and consistency across institutional blockchain and tokenization efforts.