JPMorgan Rebrands Blockchain Platform to Kinexys, Expands Services

The financial giant introduces new on-chain foreign exchange capabilities and explores real-world asset tokenization.

JPMorgan has rebranded its blockchain unit from 'Onyx' to 'Kinexys' to reflect its focus on Web3 adoption and enhanced financial services.
The Kinexys platform will soon offer on-chain foreign exchange services, initially supporting USD and EUR, with plans for expansion.
The platform's transaction volume has increased significantly, processing over $2 billion daily and achieving $1.5 trillion in notional value.
Kinexys will feature tools for on-chain privacy, identity management, and composability, aiming to streamline cross-border transactions.
JPMorgan continues to lead in the tokenization of real-world assets, collaborating with major clients like Siemens, BlackRock, and Ant International.