JPMorgan expands on-chain banking role with new Ethereum-based services #
JPMorgan is deepening its presence in on-chain finance through the expansion of its blockchain platform on Ethereum, reinforcing its position as one of the most active traditional banks operating directly on public blockchains. The latest developments build on the bank’s existing Kinexys (formerly Onyx) infrastructure, which supports tokenised deposits, on-chain settlement, and programmable payments for institutional clients
The move reflects growing demand from large corporates and financial institutions for blockchain-based cash management that operates alongside traditional banking rails. By enabling real-time settlement and interoperable tokenised money on Ethereum, JPMorgan is positioning itself to support use cases such as intraday liquidity management, cross-border payments, and delivery-versus-payment transactions, while remaining within regulated banking frameworks.