J.P. Morgan Report Assesses Blockchain for Institutional Space

Kinexys by J.P. Morgan (formerly known as Onyx by J.P. Morgan) released a whitepaper examining the state of institutional on-chain privacy and identity, including Avalanche-based AvaCloud Privacy Solutions (APS) – Project EPIC: Fueling tokenized finance with on-chain enterprise privacy, identity and composability. The report, authored by Kinexys Digital Assets (formerly known as Onyx Digital Assets) and Kinexys Labs (formerly known as Onyx Blockchain Launch), evaluated working Proof-of-Concepts (PoCs) to assess the suitability of today’s blockchain-based privacy landscape for the institutional space. The highlighted use cases focused on the asset management industry for institutional investors, fund managers, and transfer agents. AvaCloud’s tooling demonstrated a range of tangible benefits and capabilities, reinforcing Avalanche’s position as a player in institutional blockchain adoption. he whitepaper draws upon critical takeaways from Kinexys by J.P. Morgan’s PoC under Project Guardian last year, which demonstrated how blockchain technology, smart contracts, and tokenization could help fund managers feasibly include alternative investments in discretionary client portfolios and ultimately revolutionize the asset and wealth management industry. One of the outcomes of the PoC highlighted that privacy solutions and robust digital identity frameworks would be essential for institutional adoption and scalability of the tokenized funds space.