JPMorgan Taps New Global Co-Head to Lead Blockchain Arm Kinexys
Main Idea
JPMorgan Chase has appointed Kara Kennedy as the new global co-head of its blockchain division Kinexys, signaling deeper investment in digital asset infrastructure amid improving US regulatory clarity.
Key Points
1. Kara Kennedy will oversee Kinexys Digital Assets and Kinexys Labs, focusing on asset tokenization and blockchain project development.
2. JPMorgan has been trialing JPMD, a blockchain-based token representing dollar deposits, and completed its first transfer to Coinbase in June.
3. Kinexys recently tested a blockchain platform for carbon credits in collaboration with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry.
4. New US legislation on stablecoins and tokenized deposits is driving momentum for blockchain adoption among multinational banks.
5. Kinexys was rebranded from JPMorgan's Onyx platform to align with the bank's commercial goals in blockchain and digital assets.
Description
JPMorgan Chase has named Kara Kennedy as the new global co-head of Kinexys, the bank’s blockchain -focused division, deepening its investment in digital asset infrastructure as regulatory clarity improves in the US. Bloomberg reported Wednesday that Kennedy, who is based in Edinburgh, will oversee Kinexys Digital Assets and Kinexys Labs, two units that focus on asset tokenization and blockchain project development, respectively. She will lead the division alongside Naveen Mallela, who remains in...
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