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.
- That raises the total number of currencies institutional clients can use for blockchain-based payments and foreign-exchange transactions to eight, as JPMorgan looks to meet demand from institutional investors in the Asia-Pacific region.
Forecast Trend Report by Period
JPMorgan’s tokenization platform Kinexys has expanded currency support on its blockchain-based payments network in the Asia-Pacific region.
CoinDesk reported on June 29 that Kinexys now supports the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan and Singapore dollar, alongside the U.S. dollar, euro and British pound.
That brings the total number of currencies available to institutional clients for blockchain-based payments and foreign-exchange transactions to eight.
JPMorgan plans to use the expanded lineup to meet demand from institutional investors in Asia-Pacific for blockchain-based payments and FX trading.
JH Kim
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