Banksy, Star Wars and JPMorgan Meet in a $1 Billion Museum
Mellody Hobson opens the Lucas Museum of Narrative Art in Los Angeles on September 22 together with her husband. The privately funded venture price roughly $1 billion.
Hobson co-chairs the museum’s board. She co-runs Ariel Investments and holds a seat on the JPMorgan Chase board, the place she additionally serves on the chance committee.
The Wall Street Half of the Museum Sits on JPMorgan’s Board
Hobson joined the JPMorgan board in 2018. She has served as co-CEO of Ariel Investments since 2019, after serving as president from 2000. Meanwhile, the financial institution she helps oversee has became one of many loudest institutional voices in digital belongings.
JPMorgan’s blockchain unit, Kinexys, has processed greater than $3 trillion since its inception. It now averages over $5 billion in day by day quantity. This 12 months, the financial institution opened its JPM Coin deposit token, JPMD, to institutional purchasers on Base, the Ethereum layer-2 community constructed by Coinbase.
South Korea’s KB Kookmin Bank stated in July it will begin routing greenback commerce funds over JPMorgan’s Kinexys network in August. As a end result, the chance committee Hobson sits on covers a lender that already settles billions onchain. Strategy in the meantime ranked JPMorgan behind Fidelity in its Bitcoin banking index.
The Lucas Museum Hides a Banksy Gallery Upstairs
Lucas constructed the gathering round storytelling relatively than abstraction. Visitors will discover Frida Kahlo and Norman Rockwell works beside Luke’s landspeeder and General Grievous’s wheel bike. The constructing holds greater than 1,300 items and 30,000 comedian books.
Curators added two partitions of Banksy works to the fifth-floor murals gallery on the final minute. One carries the silhouette of a woman releasing a heart-shaped balloon. The identical gallery additionally holds works by Diego Rivera, Judith Baca and JR.
Lucas chased websites in San Francisco and Chicago for greater than a decade earlier than Los Angeles agreed. Hobson now straddles each worlds. One holds Star Wars props, the opposite decides how briskly huge banks move tokenized money.
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