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J.P. Morgan has rebranded its blockchain unit, Onyx, to Kinexys. [Announcement]

The goal? To position itself as a leading blockchain financial payment solution.

It is integrating Kinexys Digital Payments with its global FX platform, enabling near real-time on-chain FX settlements and reducing settlement risks.

Why it matters: J.P. Morganā€™s blockchain push, dating back to 2015, is now evolving into practical, large-scale use cases. As institutions increasingly embrace tokenization and stablecoins, the bank is positioning itself as a leader in blockchain innovation within the banking sector.

By the data: Since launching, Onyx (now Kinexys) has processed over $1.5T in transactions, with daily volumes surpassing $2B.

Project EPIC (Enterprise Privacy Identity and Composability): Alongside the rebrand, the bank launched Project EPIC, aimed at addressing key challenges in blockchain ecosystemsā€”specifically privacy, identity, and composability.

The big picture: JPM is leveraging blockchain to tackle real-world business challenges, targeting the $98T wealth management and investment sector.

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