JPMorgan Chase has named Kara Kennedy as the brand new international co-head of Kinexys, the financial institution’s blockchain-focused division, deepening its funding in digital asset infrastructure as regulatory readability improves within the US.
Bloomberg reported Wednesday that Kennedy, who is predicated in Edinburgh, will oversee Kinexys Digital Belongings and Kinexys Labs, two items that concentrate on asset tokenization and blockchain challenge improvement, respectively.
She is going to lead the division alongside Naveen Mallela, who stays in Singapore and can proceed to handle the funds aspect, together with Kinexys Digital Funds and Kinexys Liink.
JPMorgan Chase has appointed a brand new international co-head of its blockchain division https://t.co/tvzYdx28uj
— Bloomberg (@enterprise) August 6, 2025
Earlier than entering into her new position, Kennedy led digital asset product technique for JPMorgan’s securities companies enterprise. She brings a background in navigating institutional blockchain adoption and can now take the reins at a time when the financial institution is increasing its pilot packages in tokenized finance.
JPMorgan Expands Blockchain Pilots With JPMD Token and Carbon Credit score Platform
JPMorgan has been trialling JPMD, a blockchain-based token that represents greenback deposits. In June, it accomplished its first switch of JPMD from the financial institution’s digital pockets to crypto trade Coinbase.
Since then, the pilot has been ongoing and is anticipated to proceed for a number of extra months. It might then increase to different customers and probably embrace extra currencies, relying on regulatory approval.
Final month, Kinexys helped take a look at a brand new blockchain platform for carbon credit. The pilot concerned S&P International Commodity Insights, EcoRegistry and the Worldwide Carbon Registry. Collectively, they purpose to tokenize carbon credit listed in every registry’s system. This may create a extra clear and traceable marketplace for climate-related property.
Current US Stablecoin Guidelines Gasoline Institutional Blockchain Momentum
Kennedy’s appointment comes at a time when blockchain adoption is gaining momentum amongst multinational banks. This shift is being pushed by new laws within the US that units a authorized framework for stablecoins and tokenized deposits. Consequently, establishments that when moved cautiously are actually accelerating pilot packages. They’re additionally bringing in skilled leaders to information their efforts.
The Kinexys division was carved out of JPMorgan’s broader Onyx platform. It was then rebranded to higher match the financial institution’s business objectives. Now, it unifies tokenization, digital funds and data networks below a single construction. This setup is designed to serve corporates and establishments adopting blockchain-based programs.
Business observers say JPMorgan’s proactive method is a transparent sign. Giant monetary establishments are making ready for a future the place property, transactions and information flows exist instantly on-chain. Already, tokenized funds, cross-border settlements and carbon credit score monitoring supply early indicators of how these programs would possibly develop.
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