Naveen Mallela, Global Co-Head of JPMorgan's Kinexys, stated JPMD will enable onchain asset settlement and bussiness-to-bussiness transactions.

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Naveen Mallela, the global co-head of JPMorgan's blockchain unit Kinexys, told CNBC that institutions could use JPMD for onchain digital asset settlement and cross-border bussiness-to-business transactions.