Kadena co-founder and president Stuart Popejoy and Kadena co-founder and CEO Will Martino are former heads of blockchain technology at Morgan Stanley. They said: "JPM Coin is trying to solve two problems in the financial market: expensive and inefficient. The settlement process and the volatility of the cryptocurrency. In order to solve the volatility of the cryptocurrency, the stable currency can be 'linked' to the value of the asset and redeemed at a fixed price. For example, JPM Coin is a stable currency linked to the US dollar, available from Morgan. Chase's bank account is exchanged for one dollar.