#DepositTokens

Kinexys Earns Global Finance, Tearsheet & Fortune Honors

JPMorgan's Kinexys, formerly known as Onyx, has received industry recognition for its JPM Coin system, which functions as a bank-issued deposit token on public blockchain infrastructure. The platform facilitates real-time, multi-currency payments and settlements for institutional clients, effectively bridging traditional banking with distributed ledger technology. By enabling 24/7 programmable liquidity, the system addresses inefficiencies in cross-border transactions and intraday liquidity management. This recognition underscores the growing institutional acceptance of tokenized deposits as a viable alternative to legacy payment rails. The integration of JPM Coin into broader blockchain ecosystems signals a shift toward institutional-grade, regulated RWA infrastructure. As financial institutions continue to explore tokenization, the success of this platform serves as a benchmark for bank-issued digital assets. This development is critical for the RWA market as it demonstrates how established banks can leverage public blockchains to enhance settlement speed and operational transparency.

jpmorgan.com·3h ago