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How JPMorganChase plans to jolt 'on-chain' finance
As rivals such as Citi stake a position in digital assets, JPMorganChase is preparing its blockchain unit for what it hopes is a much larger world.
"Blockchain can touch almost every part of the financial services industry," Kara Kennedy, global co-head of the bank's blockchain unit, Kinexys by J.P. Morgan, told American Banker. "It opens the potential for speed, transparency and much greater programmability."
Kennedy, who is based in Edinburgh, Scotland, became co-head of the bank's blockchain division in August, joining the Singapore-based Naveen Mallea as co-head. Mallea was named to his current job in August 2024. Kennedy oversees Kinexys Digital Assets and Kinexys Labs, which focus on tokenization and blockchain project development. Mallela manages payment projects, such as Kinexys Digital Payments and Kinexys Liink.
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