JPMorgan has asked a London-based fintech head to draw up a cryptocurrency strategy for the bank. Oliver Harris, 29, is taking on a new role as head of crypto-assets strategy, reporting to Umar Farooq who is head of blockchain initiatives at the corporate and investment bank. Harris will also lead JPMorgan's Quorum project, the internal blockchain platform developed by the bank, which is rumoured to be preparing for a spin-off.
Business Insider understands that Harris will be identifying and spearheading new crypto projects for the bank in his role, rather than actively trading cryptocurrencies. Financial News reports that Harris will look at crypto custody services and how blockchain could work in JPMorgan's payments business.
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