JPMorgan Taps New Global Co-Head to Lead Blockchain Arm Kinexys

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.