JPMorgan Unleashes 24/7 Blockchain Payments in British Pounds
JPMorgan is taking another step into the future of finance by introducing blockchain-based accounts denominated in British Pounds, giving global businesses a faster, more flexible way to move money at any hour of the day—even on weekends.
The service comes through its revamped digital payments arm, Kinexys, previously known as Onyx.
This new offering complements JPMorgan’s existing euro and U.S. dollar blockchain payment infrastructure and signals the bank’s deeper push into real-time cross-border finance.
By supporting 24/7 transactions with immediate access to funds and same-day FX settlements, Kinexys aims to eliminate the friction of traditional banking delays.
With GBP now in the mix, clients can shift funds across pounds, euros, and dollars instantly—regardless of time zones or local banking hours. Two major firms, the London Stock Exchange Group’s SwapAgent and global trading powerhouse Trafigura, are among the first to adopt the service.
SwapAgent is experimenting with the technology for automating post-trade processes, looking to extend operations beyond standard market hours.
Meanwhile, Trafigura is tapping into the new accounts to streamline real-time settlements between its key financial centers in London, New York, and Singapore.
JPMorgan’s latest move not only enhances liquidity and operational efficiency for its clients but also reinforces its position at the forefront of blockchain-powered corporate finance.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
