Networks · Private, permissioned · run by J.P. Morgan
KinexysUpdated 18 Oct 2026
J.P. Morgan's permissioned blockchain platform, known as Onyx until its renaming in November 2024. It runs Kinexys Digital Payments (formerly the JPM Coin System, blockchain deposit accounts) and Kinexys Digital Assets (tokenised assets), so that tokenised assets and deposit-account cash can settle together; J.P. Morgan reports more than $1.5 trillion notional processed since inception and over $2bn a day on average.
6Deployments
42Organisations
3Connections
Deployments on Kinexys
Each row is a sourced claim on that deployment's record that it runs on Kinexys. Balances are shown where a source gives one for this network.
| Deployment | Status | Assets | Held here | Evidence | Last reviewed |
|---|---|---|---|---|---|
| Kinexys Digital Financing (intraday and term repo) | Live (scaled) | — | C Markets Media, Jan 2025[3] | Reviewed today | |
| Kinexys Digital Payments (blockchain deposit accounts) | Live (scaled) | — | B J.P. Morgan, 6 Nov 2024[2] | Reviewed 11d ago | |
| J.P. Morgan and HQLAx on-chain intraday repo The securities leg sits on HQLAx's own ledger, not yet modelled as a network | Live (limited) | — | C The Block, 7 Aug 2025[4] | Reviewed 24d ago | |
| Kinexys Fund Flow | Live (limited) | — | C Ledger Insights, 30 Oct 2025[5] | Reviewed 13d ago | |
| Kinexys Tokenized Collateral Network (TCN) | Live (limited) | — | B J.P. Morgan[6] | Reviewed 13d ago | |
| Mastercard Multi-Token Network (MTN) Interconnected network. | Proof of concept | — | C Ledger Insights, 21 Nov 2024[7] | Reviewed 24d ago |
Connections
- DBS Token Services ledgervia DBS–Kinexys tokenised deposit interoperability framework · planned
- HQLAX ledgervia Ownera FinP2P · performed
- Mastercard Multi-Token Networkvia Mastercard MTN settlement connectivity · supported
Sources
- [1]Kinexys Digital Payments | Payments Developer Portal — J.P. Morgan. Accessed 11 Oct 2026.B
- [2]Introducing Kinexys by J.P. Morgan — J.P. Morgan, 6 Nov 2024. Accessed 18 Oct 2026. Onyx renamed Kinexys; components Kinexys Digital Payments (formerly JPM Coin System), Kinexys Digital Assets, Kinexys Labs; over $1.5tn notional since inception and over $2bn average daily volume. Does not name the ledger technology..B
- [3]Banco Santander Executes First Euro Repos on Kinexys Digital Assets — Markets Media, Jan 2025. Accessed 11 Oct 2026.C
- [4]JPMorgan launches onchain intraday repo solution using its bespoke Kinexys blockchain — The Block, 7 Aug 2025. Accessed 11 Oct 2026.C
- [5]J.P. Morgan launches private fund tokenization solution — Ledger Insights, 30 Oct 2025. Accessed 11 Oct 2026.C
- [6]Kinexys Digital Assets — tokenized collateral — J.P. Morgan. Accessed 11 Oct 2026.B
- [7]https://www.ledgerinsights.com/mastercard-integrates-its-mtn-blockchain-network-with-jp-morgans-kinexys-digital-payments-jpm-coin/ — Ledger Insights, 21 Nov 2024. Accessed 11 Oct 2026.C