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According to news sources, JP Morgan has rebranded its blockchain platform from Onyx to Kinexys, a digital finance platform for global transactions and foreign exchange services. The rebrand reflects JP Morgan’s commitment to modernizing digital infrastructure for more users with more features and global reach. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=JP+Morgan+Rebrands+Blockchain+as+%27Kinexys%27+for+Global+Financial+Services" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="size-full wp-image-27240 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/WhatsApp-Image-2024-11-04-at-08.16.30.jpeg" alt="WhatsApp Image 2024 11 04 at 08.16.30" width="728" height="90" title="JP Morgan Rebrands Blockchain as 'Kinexys' for Global Financial Services 51"></a> 
<h2 id="b-kinexys-enhancing-global-transactions-and-forex-services-b">Kinexys: Enhancing Global Transactions and Forex Services</h2> 
Launched in 2019 as JPM Coin, the platform was designed to simplify cross border payments with blockchain. Over time, JP Morgan added more features and rebranded as Onyx. But with user demand growing—payment transactions up 1,000% year on year—JP Morgan saw the need to update the infrastructure and branding and evolve it into Kinexys. 
Through Kinexys, JP Morgan will offer on-chain forex services for multinational clients. These services will speed up transactions, reduce costs and provide 24/7 cross border transactions, in line with the global move to real time digital finance. 
According to the company, the name Kinexys means “kinetic”, reflecting the nature of the global financial movement, it’s about dynamic cross border activity. The rebranded network can handle complex financial tasks like asset tokenization and data validation, bridging geographical boundaries with blockchain’s speed and transparency. 
<h2 id="b-kinexys-in-real-world-markets-b">Kinexys in Real World Markets</h2> 
Kinexys can process $2 billion daily and manages $1.5 trillion in derivatives, so it can move big markets. These numbers are important as JP Morgan wants to attract institutional clients looking for a blockchain solution for asset management and cross border transactions. 
<figure id="attachment_27896" aria-describedby="caption-attachment-27896" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-27896" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/bad2ba86-69f0-47f6-8b95-b9a782113e6b.jpg" alt="JP Morgan Rebrands Blockchain as 'Kinexys' for Global Financial Services" width="1792" height="1024" title="JP Morgan Rebrands Blockchain as 'Kinexys' for Global Financial Services 52" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/bad2ba86-69f0-47f6-8b95-b9a782113e6b.jpg 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/bad2ba86-69f0-47f6-8b95-b9a782113e6b-768x439.jpg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/bad2ba86-69f0-47f6-8b95-b9a782113e6b-1536x878.jpg 1536w" sizes="(max-width: 1792px) 100vw, 1792px">
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 JP Morgan Rebrands Blockchain as ‘Kinexys’ for Global Financial Services
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With privacy and identity tools, <a href="https://decrypt.co/news-explorer?pinned=810520&amp;title=jp-morgan-rebrands-blockchain-platform-kinexys-amid-expansion-plans" rel="nofollow noopener" target="_blank">Kinexys</a> will allow users to transact securely, with composability focused solutions. These tools are for institutions and traders who need secure and compliant options in global markets with on-chain capabilities to move high value assets and financial data. 
“Kinexys provides our clients with the tools to tokenize assets, transfer funds post-market close, and validate financial data effortlessly,” JP Morgan stated in its announcement. With this infrastructure, users can have programmable 24/7 cross border transactions, efficiency and cost savings, a competitive advantage as blockchain moves into traditional finance. 
<h2 id="b-the-broader-blockchain-landscape-in-banking-b">The Broader Blockchain Landscape in Banking</h2> 
JP Morgan’s blockchain push is part of a bigger industry trend. Other traditional finance giants like Goldman Sachs, BNP Paribas and Singapore’s DBS have also invested in blockchain projects for asset management and global finance. Last year, over two dozens of financial institutions joined the Canton Network, a blockchain based tokenization platform for real world assets, so the sector is clearly confident in blockchain’s potential. 
DBS launched its Token Services platform, adding more blockchain solutions for its clients with a focus on secure and compliant digital asset services. This is the industry moving towards blockchain, where digital assets meet real world finance. 
<img loading="lazy" decoding="async" class="size-full wp-image-27898 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Designer-25.jpeg" alt="JP Morgan Rebrands Blockchain as 'Kinexys' for Global Financial Services" width="1792" height="1024" title="JP Morgan Rebrands Blockchain as 'Kinexys' for Global Financial Services 53" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Designer-25.jpeg 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Designer-25-768x439.jpeg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Designer-25-1536x878.jpeg 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="b-kinexys-in-the-digital-finance-world-b">Kinexys in the Digital Finance World</h2> 
With Kinexys, JP Morgan is leading the way in blockchain finance as institutions globally are looking for digital asset solutions. As the competition gets fierce the platform’s focus on secure, real time and cost effective solutions for cross border finance may just cement its position as a trusted player in blockchain. 
For financial institutions and investors, Kinexys is the future of digital finance where technology meets reality. As blockchain goes global, it could be the key to the future of cross border financial services, a new world of connected and resilient finance. 
<h2 id="b-conclusion-b">Conclusion</h2> 
JP Morgan’s Kinexys is a big step in digital finance, following the trend and taking blockchain beyond cryptocurrency and into real world financial services. With advanced privacy tools and scalable transactions Kinexys is ready for institutions looking for secure and cost effective ways to cross the global markets, making&nbsp; blockchain the base in the future of finance. 
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JP Morgan Rebrands Blockchain as ‘Kinexys’ for Global Financial Services

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