J.P. Morgan has made a significant leap forward in the world of fintech by introducing a tokenized GBP payment rail on its Kinexys Digital Payments platform, designed specifically for corporate clients. This pioneering move positions J.P. Morgan as a leader in providing tailored financial solutions and addresses a critical gap in the market by offering seamless, 24/7 real-time payments in GBP alongside USD and EUR. 80% of J.P. Morgan’s tokenized payment business is currently conducted in USD and EUR, with this new addition to the platform allowing them to better serve EU and UK based clients who require local currency transactions. The launch marks a crucial step for businesses seeking greater efficiency in their global financial transactions as LSEG’s SwapAgent and Trafigura have been early adopters of these accounts. This development further showcases J.P. Morgan’s commitment to expanding its blockchain-based infrastructure, having processed over $1.5 trillion in transactions on the Kinexys platform since its launch.