what's Kinexys by J.P. Morgan?
Kinexys by J.P. Morgan is a bank-led blockchain platform designed to facilitate the movement of money, assets, and financial information through tokenized infrastructure. Launched as an evolution of the former Onyx platform, it enables 24/7 real-time settlements for institutional clients, supporting use cases like cross-border payments, foreign exchange, and asset tokenization. Key components include JPM Coin, a permissioned stablecoin for internal transfers, and integrations with public blockchains for interoperability. The platform operates on a permissioned network, processing billions in daily volume while ensuring compliance and privacy for traditional finance participants. It supports tokenized real-world assets such as U.S. Treasuries and carbon credits, using technologies like delivery-versus-payment (DvP) mechanisms to reduce settlement risks. Recent expansions include GBP and EUR support, on-chain FX settlements, and pilots with partners like Chainlink and Ondo Finance to bridge private and public chains.
Kinexys integrates with Canton network, connecting to traditional finance institutions like Broadridge, DTCC, NYSE.
Links
x.com/jpmorganJPM Coin integrates with Canton network, including Broadridge, DTCC, NYSE, and Fireblocks.
JPMorgan arranges U.S. commercial paper issuance for Galaxy on Solana blockchain, representing one of the first debt securities issued on a public blockchain in the U.S., utilizing USDC rails and Coinbase custody.
JPMorgan introduces a structured BTC bond-like product.
JPMD token on Base can pay interest and skip full collateralization requirements under GENIUS Act, two restrictions that apply to Tether and Circle stablecoins.
At Saudi Arabia's Mega Investment Summit on October 28, 2025, Jamie Dimon endorses blockchain and stablecoin technology as real and useful, citing JPM Coin for asset transfers and smart contracts.
JPMorgan enables JPMD to USDC token swaps on Base blockchain for its clients.
JPM coin launches on Base network. (ID: 1988719864324976928)
JPM stablecoin undergoes testing for adoption on Base (Coinbase Layer 2 network).
JPMorgan launches its deposit token JPM Coin (JPMD) on Base blockchain for institutional clients, marking a major expansion of its blockchain products.
Pilot participants for JPM Coin include Mastercard, Coinbase, and B2C2. Coinbase accepts JPM Coin as collateral.
JPMorgan representative Naveen states in Bloomberg interview that JPM operates as a fractional-reserve deposit token rather than a fully-backed stablecoin, claiming this fractional banking approach is more scalable and superior for institutional use.
JPMorgan launches JPM Coin deposit token on Base blockchain for institutional clients with instant 24/7 settlement capabilities.
DBS partners with JP Morgan's Kinexys to develop an interoperability framework connecting JPM Deposit Tokens on Base with DBS Token Services, enabling tokenized deposit transfers between public and private blockchain networks for cross-platform client transactions.
JPMorgan CEO Jamie Dimon says crypto, blockchain, stablecoins, JPMorgan Deposit Coin, and smart contracts are real and will be used by all of us.
Private-equity fund tokenized on JPMorgan's blockchain, with broader fund tokenization platform scheduled for 2026 rollout.
JPMorgan accepts bitcoin and ether as collateral.
Executives speak today at Federal Reserve hosted Payments Innovation Conference alongside BlackRock, Coinbase, Chainlink, Circle, Paxos, Franklin Templeton, Stripe, and other major financial and crypto institutions.
JPM announces $10BN equity financing over 10 years ($1BN annually) and $1.5TN lending commitment.
JPMorgan files trademark for 'JPMD', suggesting expansion into broader digital asset services including trading and payments.
First public transaction of tokenized treasuries settles on Ondo Public Ledger platform.