In this episode, Tina Rathjen, from J.P. Morgan’s Securities Services Regulatory Practice, is joined by Kara Kennedy, co-head of Kinexys at J.P. Morgan, to explore the rapidly evolving world of digital assets and blockchain technology. Together, they discuss the opportunities and challenges presented by distributed ledger technology (DLT) and decentralized finance (DeFi), recent regulatory changes, and J.P. Morgan’s initiatives in the digital asset space. The conversation covers industry trends, regulatory sandboxes, digital identity, and how J.P. Morgan is preparing for the future of finance. Tune in for expert insights on how technology and regulation are shaping the digital asset ecosystem.    This episode was recorded on September 2, 2025.     This podcast is intended for institutional clients only. The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument. Referenced products and services in this podcast may not be suitable for you, and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. For additional disclaimers and regulatory disclosures, please visit www.jpmorgan.com/disclosures.  © 2025 JPMorgan Chase & Company. All rights reserved.