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🔮 Kinexys - J.P. Morgan’s $1.5 Trillion Leap into Tokenized Finance

J.P. Morgan rebrands Onyx tokenization platform to Kinexys, unveils 24/7 FX settlement and decentralized identity solution.

Author

Dennis Baca
November 08, 2024 • Reading Time: 7 minutes

🏞️ GM!

Happy Friday Everyone!

Welcome back to your weekly dose of web3 insights! Your go to source for everything DeFi, RWAs, and Zivoe.

Here’s what we’ve got for you today:

  1. Market Movements

  2. Headline Story

  3. Bite-Sized Bits

  4. Zivoe In The News

  5. Memes Of The Moment

📈 Market Movements

🟠 Bitcoin: $75,831.15 (+ 6.95%)

🔵 Ethereum: $2,909.18 (+ 14.25%)

🟣 Solana: $199.15 (+ 17.05%)

🟢 Fear & Greed Index: 72 (Greed)

Another week, another all-time high for BTC 🙌 And some interesting moves towards ETH in the options markets…

📰 Kinexys – J.P. Morgan’s $1.5 Trillion Leap into Tokenized Finance

Earlier this week, J.P. Morgan rebranded its blockchain and tokenization platform, Onyx, to Kinexys—a strategic move that marks the platform’s progression beyond its experimental stage. Since its launch in 2020, Kinexys has processed over $1.5 trillion in transactions, spanning use cases from repo trading to intraday borrowing. The platform has seen significant adoption from major financial institutions including Blackrock and Brevan Howard Digital Assets.

Along with the rebrand, J.P. Morgan unveiled a new real-time settlement system for foreign exchange (FX) trades. Initially supporting USD/EUR transactions, this 24/7 system aims to mitigate settlement risks by enabling round-the-clock trades without the restrictions of traditional banking hours. The feature is set for an initial rollout in 2025, and plans to incrementally adopt support for more currencies. 

J.P. Morgan also introduced Project Epic, a decentralized identity solution that promises to be a cornerstone for onboarding tokenized and real-world assets. Through the use of decentralized identifiers (DIDs) and verifiable credentials (VCs), Project Epic allows institutions to securely verify identities without compromising privacy, streamlining KYC and AML compliance. This 62-page whitepaper details how Epic’s architecture supports reusable, privacy-preserving identities that can simplify onboarding while maintaining compliance standards across platforms.

At Zivoe, we view DID technology like Project Epic as essential to unlocking unsecured credit issuance on-chain. By enabling more secure and flexible identity verification, DID solutions pave the way for a future where real-world assets can flow securely and transparently across blockchain ecosystems. As tokenization gains traction across financial markets, innovations like Kinexys and Project Epic signal a transformation that aligns with our mission to create open, accessible financial solutions for all.

🍪 Bite-Sized Bits

🪙 Tokenization

🏗️ Infrastructure

💰 DeFi

🧑‍⚖️ Legal / Other

🗞️ Zivoe Is Headed To Devcon

The Zivoe Team is headed to Bangkok for Devcon 2024! If you’re going, we’d love to connect with our community and explore ways to collaborate with partners! Please reach out to our CTO, John Quarnstrom via email ([email protected]) or telegram @jquarnstrom to setup a meeting!

🐸 Memes Of The Moment

If you can't wait until next week to hear from us again, follow us on Twitter (@ZivoeProtocol)!

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