JPMorgan has been developing its blockchain technology since 2019, when it launched its private blockchain JPM Coin, later renamed Kinexys, which processed around $2 billion in daily transactions and had $1.5 trillion in underlying derivative assets, according to a company statement in 2024

Event date

December 31, 2024

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JPMorgan has experimented with distributed-ledger technology since at least 2019, when it debuteda private blockchain called JPM Coin. Later renamed Kinexys, it has processed approximately $2 billion in daily transaction volumes and amassed $1.5 trillion in underlying assets of derivatives contracts, JPMorgan said in a statement last year

Kinexys, which the release says processes an average of over $2 billion in daily transaction volume, handled the payment leg, while Ondo Finance’s tokenized short-term Treasury fund (OUSG) formed the asset leg. Chainlink Runtime Environment — a system for coordinating cross-chain workflows —secured the settlement across the two networks.

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Week 01 of 2024