Overview
jpmorgan’s institutional blockchain payments division (formerly Onyx). Permissioned bank rails for interbank USD settlement, remittances, and tokenized assets — not public crypto tokens.
Recent Developments
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2026-08-04: Mints/burns BlackRock European ICS on-chain share classes on Ethereum; bridges to transfer-agent register (2026-08-04-blackrock-europe-mmf-decrypt)
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2026-07-26: kb-kookmin-bank to launch trade payment service on Kinexys (August); claimed >7B daily average volume (2026-07-26-kb-kookmin-herald-kinexys)
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SWIFT-linked FX; 24/7 programmable payments