You can also read this news on BH NEWS: JPMorgan Launches Kinexys Blockchain Platform
JPMorgan has officially rebranded its blockchain platform, previously known as Onyx, to Kinexys, marking a crucial step in the bank’s technological advancement. This change signifies a shift in the company’s focus towards enhancing the capabilities of blockchain technology.
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 and harness the capabilities of a multi-chain environment.
Speculation surrounds the timing of the rebrand, which 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.
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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. The platform’s capabilities will make financial instruments more efficient and accessible while enabling interactions across various crypto networks.
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