JPMorgan Unveils Kinexys: A New Era in Blockchain Technology

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Meta's Board Approves New Class of Nonvoting Stock

Meta's board has approved the creation of Class C nonvoting shares to be distributed to existing Class A and Class B shareholders, effective January 19, 2027.

user avatarLi Weicheng

Meta's Financial Strategy Ensures Founder Control

Meta's financial strategy includes plans to potentially raise hundreds of billions in equity while ensuring Mark Zuckerberg retains control over the company.

user avatarAisha Farooq

BitGo Introduces BitGo Labs to Innovate in AI and Cryptocurrency

BitGo has launched BitGo Labs to develop AI-integrated applications for its digital asset infrastructure, starting with the Gokubu app.

user avatarTenzin Dorje

TRON Solidifies Its Position as a Leading Blockchain Network for Stablecoin Settlement

In Q3 2026, TRON reinforced its position as a leading blockchain network for stablecoin settlement, achieving trillions in transaction volume and a record supply of USDT.

user avatarBayarjavkhlan Ganbaatar

Dogecoin Labs Announces New Organizational Structure for Commercial Development

Dogecoin Labs has announced a new organizational structure to enhance its commercial development by merging consumer products and application infrastructure.

user avatarMohamed Farouk

Solana Implements New Consensus Protocol to Enhance Transaction Speed

Solana has activated a new consensus protocol, significantly reducing transaction finality time.

user avatarElias Mukuru

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.