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Blockchain
CIO Bulletin
16 April, 2025
A new era of 24/7 global payments powered by blockchain technology brings speed and trust to UK businesses.
In a bold leap into the future, JP Morgan has unleashed its blockchain-powered Kinexys Digital Payments in the United Kingdom, now supporting the British pound alongside dollars and euros. This cutting-edge service, once called JPM Coin, is rewriting the rules of corporate finance, enabling seamless, round-the-clock payments and foreign exchange for businesses. With over $1.5 trillion in transactions already processed globally, Kinexys is a game-changer, handling $2 billion daily with unmatched efficiency.
Leading the charge in London are SwapAgent, part of the London Stock Exchange Group, and global commodities giant Trafigura. SwapAgent is testing Kinexys to streamline post-trade settlements, dreaming of a future where transactions flow beyond traditional banking hours. Trafigura, meanwhile, is using the platform to zip funds between its New York, London, and Singapore offices in near real-time, ensuring businesses never miss a beat.
Kinexys leverages blockchain’s secure, transparent ledger to make payments faster, safer, and programmable, offering a lifeline to companies navigating complex global markets. As the UK explores digital finance through initiatives like the Digital Securities Sandbox, JP Morgan’s innovation positions it at the forefront of a financial revolution, empowering businesses with tools to thrive in a connected world.