JPMorgan Renames Blockchain Platform to Kinexys, to Add On-Chain FX Settlement for USD, EUR

JPMorgan Renames Blockchain Platform to Kinexys, to Add On-Chain FX Settlement for USD, EUR

The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities, executing over $1.5 trillion of transactions since its inception.

JPMorgan rebrands its Onyx blockchain unit as Kinexys and plans to add on-chain foreign exchange capabilities as early as Q1 2025, starting with USD and EUR

JPMorgan's rebranded its Onyx unit focused on tokenization and blockchain as Kinexys. The bank will introduce on-chain foreign exchange capabilities as early as first-quarter 2025, with plans for automated, around-the-clock multicurrency settlements. "We aim to move beyond the limitations of…

JPMorgan Set to Launch Instant Settlement for Euro-Dollar Conversions – Finance Bitcoin News

The bank’s token, JPM Coin, which already processes $2 billion in transactions every day, will be used for the settlement processes. JPMorgan Leveraging Blockchain for Cross-Border Settlement JPMorgan, the largest bank in the U.S. has set out plans to provide quick settlement for currency exchanges between the dollar and the euro. Over time, the bank […]

JPMorgan renames the blockchain platform to Kinexys – Digital Currency Research

JPMorgan Chase, one of the major players in the global banking sector, has announced a significant transformation of its blockchain platform, renaming the Onyx division to “Kinexys”.  With this renewal, JPMorgan aims to integrate new features in the foreign exchange sector, bringing the bank closer to an increasingly automated and digital operational model. From Onyx to Kinexys: a new step for JPMorgan’s blockchain platform Originally launched a…

JPMorgan Unveils Blockchain-Based Instant Euro-Dollar Conversions

JPMorgan has developed instant dollar-euro settlements using its Kinexys blockchain, with the new feature slated to go live in the coming months.  According to a Bloomberg News report, the bank will leverage its proprietary JPM Coin to facilitate fast, secure transactions for participating institutions. Once regulatory approvals are obtained, JPMorgan plans to add sterling transactions to ...

JP Morgan Renames Blockchain Platform To Kinexys For Global Forex Transactions

JP Morgan has changed the name of its blockchain-based platform from JPM Coin to Onyx and now to Kinexys. This platform is designed to help with foreign exchange services for customers all over the world. The number of users on this platform has grown very quickly, with payment transactions increasing by 1,000% in just one year. This growth means that the platform needs to improve its infrastructure and offer new services. The new name, Kinexys,…