J.P. Morgan Rebrands Blockchain Payment Platform as ‘Kinexys’

SINGAPORE, November 6, 2024 – J.P. Morgan has unveiled a rebranding of its blockchain-based wholesale payments platform, formerly known as Onyx, to ‘Kinexys by J.P. Morgan’ at the Singapore Fintech Festival. This strategic shift highlights the platform’s expanding role in global payments, asset tokenisation, and data validation through blockchain technology.

The new name, Kinexys, combines the concepts of “kinetic” and “connection,” signifying J.P. Morgan’s focus on speed, efficiency, and connectivity in the movement of money, assets, and information across borders. “With Kinexys, we’re building on the success of Onyx,” the company announced, underscoring its commitment to connect the financial world with streamlined, high-speed transactions.

Since its inception, Kinexys has seen notable success, handling over $1.5 trillion in notional value and averaging daily transaction volumes of more than $2 billion. Payments transactions on the platform have increased tenfold year-over-year, positioning Kinexys as one of the most widely utilised blockchain-based platforms globally. Kinexys now supports clients on five continents, enabling businesses to harness the efficiencies of blockchain technology, particularly for cross-border payments, asset tokenisation, and seamless data exchange.

As part of the rebranding, J.P. Morgan is also renaming its business units associated with Kinexys:

Liink will become Kinexys Liink.

JPM Coin Systems will rebrand as Kinexys Digital Payments.

Onyx Digital Assets will transform into Kinexys Digital Assets.

Blockchain Launch will become Kinexys Labs.

The rebranded platform will soon expand to include foreign exchange (FX) capabilities within Kinexys Digital Payments, providing clients with even broader transaction options. Additionally, Kinexys Digital Assets and Kinexys Labs recently launched a proof-of-concept demonstrating enhanced privacy, identity verification, and composability on the blockchain – pivotal themes for the platform’s evolution.

Through Kinexys, J.P. Morgan reaffirms its leadership in blockchain innovation, bringing financial technology solutions that extend beyond traditional market hours and elevate efficiency across the financial services sector.