J.P. Morgan is a leader in blockchain technology and has been building innovative solutions for clients since 2015. This innovation has spanned from protocol-level development to new payment-specific networks and applications. In 2020, J.P. Morgan launched a new business unit called ‘Onyx by J.P. Morgan’ that houses the firm’s blockchain efforts. In doing so, J.P. Morgan became the first global bank to create a dedicated unit to develop and scale blockchain-based products. Onyx’s mission is to reimagine how businesses can be built, run, and transformed with the new infrastructure, networks, and services enabled by distributed ledger technology.
Onyx has a significant portfolio of new products, including: a blockchain-based intraday repo application where J.P. Morgan executed the first live intraday repo trade on a blockchain; Liink by J.P. MorganSM, the world’s largest blockchain-based institutional network with increasing membership and offerings; and JPM Coin, a blockchain-based payment rail and account ledger.
