JPMorgan Rolls Out Instant Dollar-Euro Settlement on Kinexys Platform

JPMorgan has rolled out instant dollar-euro settlement on its Kinexys platform, formerly known as Onyx. The capability enables real-time cross-currency settlement between the two of the world's most traded currencies.

The Kinexys platform uses blockchain technology to facilitate instantaneous settlement of foreign exchange transactions, eliminating the traditional T+2 settlement cycle that ties up capital and creates counterparty risk.

JPMorgan's expansion of Kinexys into dollar-euro settlement represents a significant advancement in institutional blockchain adoption, demonstrating that the technology can handle major currency pairs at the scale and speed required by global banking.