JPMorgan appoints Oliver Harris to lead blockchain division Kinexys

According to Bloomberg, JPMorgan has appointed former Goldman Sachs executive Oliver Harris to lead its blockchain division Kinexys, responsible for driving the commercialization of its applications and strengthening cooperation with institutional clients. Harris previously served as CEO of Arda Global, Managing Director of Goldman Sachs' Americas Digital Assets division, and worked at JPMorgan for six years, leading the development of the Quorum blockchain platform. Kinexys was launched in 2019 and processed $5 billion in daily transactions as of December last year. Last November, JPMorgan Chase launched the deposit token JPM Coin to institutional clients through the Base blockchain for sending and receiving funds.