JPMORGAN has introduced the UK pound to Kinexys Digital Payments, a blockchain -based banking service, allowing GBP to exchange methods.
Kinexys introduces blockchain infrastructure solutions for digital assets such as border payment, tokenized investment and cryptocurrency.
The company’s additional GBP supports Kinexys’ Euro and existing features for US dollars, supporting JP Morgan -related institutions and bank customers.
JPMORGAN KINEXYS introduces GBP for blockchain solutions.
JPMORGAN’s Kinexys is a blockchain drive platform for tokenization and digital asset solutions. This platform has Kinexys Digital Payments, a system that enables 24/7 support for border payments.
Kinexys Digital Assets allow financial institutions to access bonds, tokenized collateral and enhanced asset management services. There is also Kinexys Labs, which focuses on digital asset research and various implementation.
The Kinexys platform has combined more than $ 1 trillion in transactions with an average transaction of $ 2 billion a day.
According to the report, the first customer using the Kinexys GBP service is the swapagent of Trafigura and LSEG. Trafigura is a multinational commodity company headquartered in Singapore and Swapagent is part of LSEG’s LCH.
Swapagent and Trafigura and British Digital Securities Sandbox
Swapagent will benefit from the service of Kinexys Digital Payments for Trades Post-Tades Services pilots. The company considered the use of a blockchain account for a wider product other than the traditional branch -based time that manages liquidity during the 24/7 period.
In Nathan ondyak, CEO of Swapagent, part of the London Stock Exchange Group:
Innovative Kinexys Digital Payment Block Chain Deposit accounts into a swap gate product to manage the agreement in a programming manner in the future beyond traditional branch cutoff time.
I want to cooperate with Kinexys of JP Morgan when expanding the settlement ability of Swapagent and improving digital existence.
Chris McSwapagent Laughlin, Trafigura’s Global Officer:
I am pleased to develop functions with Kinexys digital payment blockchain deposit account in the UK. With collaboration with JP Morgan’s Kinexys, you can pay for 24/7 in real time at major global financial centers.
Kinexys’ GBP release reminds us of a pledge that many British people in the UK will produce digital securities sandboxes, financial behaviors (FCAs) and British banks to test digital assets and GBPs.