According to Foresight News, JPMorgan is planning to open its licensed blockchain, Onyx, to allow third-party deployment of applications. This move will enable others to tokenize assets on JPMorgan's blockchain. The JPM Coin Systems team, which provides blockchain-based account solutions, is currently focusing on building Onyx Digital Assets and collaborating with third parties in this area. This initiative is part of JPMorgan's broader strategy to leverage blockchain technology to improve its services and operations. By opening Onyx to third parties, the bank aims to foster innovation and development in the blockchain sector. The tokenization of assets on the blockchain could potentially streamline and secure transactions, providing a more efficient and reliable system for asset management.
JPMorgan Plans To Open Its Licensed Blockchain Onyx To Third Parties
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