Naveen Mallela, the global co-head of JPMorgan Chase & Co.'s blockchain division, has resigned after more than a decade with the bank. Mallela, who was appointed to his position in 2024, played a key role in the development of blockchain-based products and services, including the recent launch of JPM Coin deposit tokens for institutional clients. JPMorgan confirmed Mallela's departure and is actively seeking a successor. The bank's blockchain division, Kinexys, handles a daily transaction volume of $5 billion, focusing on cryptocurrency technology for payments. The resignation comes as the bank continues to expand its blockchain initiatives.