JPMorgan's Kinexys Blockchain Now Supports Eight Major Currencies

JPMorgan has expanded its blockchain payments platform, Kinexys, to support eight major currencies for round-the-clock cross-border settlement. The platform now averages daily transaction volumes exceeding $7 billion.

The five newly added currencies are the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar. They join the US dollar, euro, and British pound, which were already live on the platform.

Kinexys runs on a permissioned blockchain, meaning only vetted participants get access. The platform has processed more than $4 trillion in cumulative transactions since its launch.

JPMorgan originally launched this infrastructure under the name Onyx and rebranded it to Kinexys in November 2024. Early adopters of the expanded currency support include Payoneer, a publicly traded cross-border payments company, and JERA Global Markets, a major player in global energy trading.