• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

JPMorgan Unveils Kinexys: A New Era in Blockchain Technology

user avatar

by Giorgi Kostiuk

a year ago

JPMorgan has officially rebranded its blockchain platform Onyx to Kinexys, marking a crucial step in the bank’s technological advancements.

What Does Kinexys Offer

The rebranding to Kinexys illustrates JPMorgan’s dedication to the tokenization of tangible assets. Umar Farooq, VP of Payments at the bank, stated that the initiative aims to push past conventional technological limits in a multi-chain environment.

Is the Rebranding Politically Motivated?

The timing of the rebranding coincided with significant political events in the US. Some analysts believe that potential copyright concerns regarding the Onyx name may have contributed to this strategic decision.

New Opportunities for the Financial Sector

Key points include: Kinexys will facilitate currency exchange on the network starting in Q1 2025. The platform has already processed transactions exceeding $1.5 trillion since its inception in 2020. Clients utilizing this service include prestigious companies like Siemens and BlackRock.

The introduction of Kinexys is expected to enhance the integration of blockchain technology within the financial sector, positioning JPMorgan as a leader in this rapidly evolving space.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Moltbook Exposes Security Flaws and Fake Accounts

chest

A recent investigation by cybersecurity company Wiz has revealed that Moltbook's 15 million so-called independent agents are largely fake, with only 17,000 real users behind these accounts.

user avatarTando Nkube

Stay Vigilant: Security Risks During BlockDAG's TGE

chest

As BlockDAG approaches its Token Generation Event (TGE) on February 11, 2026, users are warned about potential security risks, particularly from scams during this period.

user avatarZainab Kamara

SOPH Price Shows Recovery After Significant Volatility

chest

SOPH has shown a recovery in price after hitting a low of 000979, trading at 001257 with a 104% gain in 24 hours.

user avatarNguyen Van Long

Functional Tools Emerge in Casder Ecosystem

chest

Functional tools within the Casder ecosystem are expanding based on real use cases.

user avatarRajesh Kumar

Vanguard AI System Expands Teaching and Practical Applications

chest

The Casder Vanguard AI System has entered a broader stage of teaching and practical application, performing essential functions such as auxiliary analysis, strategy verification, and risk identification to aid participants in navigating complex market structures.

user avatarFilippo Romano

TRON's Mixed Performance Amid Market Uncertainty

chest

TRON's native token TRX shows mixed price behavior amid ongoing market uncertainty, with projected price levels ranging between 0.28 and 0.328.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.