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JP Morgan invests in blockchain intelligence platform TRM Labs
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JP Morgan's investment - the size of which has not been disclosed - comes less than three months after TRM Labs raised $60 million in a round joined by Visa, Amex Ventures, Citi Ventures, PayPal Ventures, and Block (formerly Square).Umar Farooq, CEO, Onyx by JP Morgan, says: "TRM’s vision to drive security and integrity in crypto ecosystems through sophisticated analytics solutions aligns with our ambitions for building blockchain products at JP Morgan that are compliant and secure."
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