JPMorgan’s Kinexys Launches Blockchain-Based GBP Accounts in UK and Cross-Border Payments
JPMorgan’s blockchain division, Kinexys (formerly Onyx), has launched British pound-denominated blockchain deposit accounts in the U.K., marking a significant step forward in the bank’s real-time settlement infrastructure.
The new offering allows corporate clients to conduct seamless cross-border payments in GBP alongside existing euro and dollar services — 24/7 and in real time.
“The new GBP-denominated blockchain accounts enable clients to conduct seamless cross-border transactions, including 24/7 foreign exchange,” the company said in a statement on Monday. “Clients can access funds on demand with weekend processing and extended same-day FX settlements, offering enhanced flexibility, speed and efficiency.”
Global Clients Tap Into 24/7 Liquidity
With this launch, JPMorgan clients can now move funds between pounds, euros, and dollars around the clock, sidestepping traditional market hours and banking holidays.
Initial participants include the London Stock Exchange Group’s (LSEG) SwapAgent and commodities giant Trafigura, who are among the first to open GBP-denominated blockchain accounts via Kinexys.
Scaling Real-Time Settlement
Since its launch in 2019, Kinexys has quietly grown into one of the largest institutional blockchain settlement platforms in traditional finance. JPMorgan reported that Kinexys has now processed more than $1.5 trillion in transaction volume, with average daily volumes exceeding $2 billion.
That figure remains a small fraction of the $10 trillion in daily payments handled by JPMorgan’s broader treasury services — but its tenfold year-over-year growth suggests adoption is accelerating.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
