Several Argentine banks are experimenting with blockchain infrastructure behind the scenes, despite strict public restrictions on crypto services. Institutions like Banco CMF are piloting JPM Coin, developed by JPMorgan, to improve internal settlement processes.

The trials focus on speeding up interbank reconciliation and reducing operational friction. Notably, no real funds are being moved—traditional systems still handle transactions, while blockchain is used for recording and verification. This signals a cautious but growing interest in integrating blockchain technology at the institutional level, even in tightly regulated environments.