New GBP accounts go live with major clients
JPMorgan’s blockchain division, Kinexys (formerly Onyx), has launched GBP-denominated blockchain accounts, adding to its existing euro and dollar offerings. Clients like the London Stock Exchange Group’s SwapAgent and commodities giant Trafigura are the first to adopt the new system.
The accounts enable 24/7 cross-border payments with instant access to funds, even on weekends. This represents one of the first blockchain-native GBP payment services live in the U.K.
Programmable payments for liquidity and FX
Kinexys also introduced programmable payments via an “if-this-then-that” interface, allowing clients to automate liquidity management and FX settlements. These tools aim to reduce friction in corporate treasury workflows and increase capital efficiency.
With this update, Kinexys clients can now conduct seamless round-the-clock payments across GBP, EUR, and USD — a key milestone in JPMorgan’s real-time settlement strategy.
Blockchain payments gaining traction
Since 2019, Kinexys has processed over $1.5 trillion in blockchain transaction volume. Daily payments have reached $2 billion, a small but fast-growing part of JPMorgan’s $10 trillion daily payments business.
The expansion underscores how traditional financial institutions are deepening their blockchain infrastructure as programmable money and tokenized payments evolve.
