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JPM Coin / Kinexys

Permissioned deposit token used for intra-day wholesale settlement between JPMorgan clients.

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Category
Bank Deposit Token
Regulatory regime
US Federal / GENIUS Act
Issuer
JPMorgan
Region
United States / Global
Peg
USD / EUR

Blockchain protocols

Onyx / Kinexys (permissioned)

How it works

Tokenized commercial-bank deposit; balances move on JPMorgan's Onyx/Kinexys chain 24/7.

Revenue model

Treasury/cash-management fees; balance-sheet funding benefits.

Regulation

Operates under JPMorgan's banking licenses.