JPMorgan’s Kinexys Adds Five Asia-Pacific Currencies
JH Kim
Summary
- JPMorgan’s tokenization platform Kinexys has expanded support for Asia-Pacific currencies.
- Kinexys now supports the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan and Singapore dollar, in addition to the U.S. dollar, euro and British pound.
- The number of currencies institutional clients can use for blockchain-based payments and foreign-exchange transactions has increased to eight.
Forecast Trend Report by Period
JPMorgan’s tokenization platform Kinexys has expanded the currencies supported on its blockchain-based payments network in Asia-Pacific.
CoinDesk reported on June 29 that Kinexys now supports the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan and Singapore dollar, in addition to the U.S. dollar, euro and British pound.
The expansion brings the total number of currencies available to institutional clients for blockchain-based payments and foreign-exchange transactions to eight.
JPMorgan said the move is aimed at meeting demand from institutional investors in Asia-Pacific for blockchain-based payments and foreign-exchange trading.
JH Kim
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