JPMorgan's blockchain platform, Kinexys, has processed over $1.5 trillion in transactions since its 2020 launch, with daily volumes exceeding $2 billion. The bank has also applied to launch a tokenized U.S. Treasury fund on Kinexys, aimed at meeting stablecoin reserve requirements under the GENIUS Act. Additionally, JPMorgan increased its stake in the iShares Bitcoin Trust by 64% in Q3 2025, now holding 5.28 million shares valued at $343 million. Plans are underway to introduce JPM Coin to the Canton Network in 2026 for institutional deposit token settlements.