JPMorgan Names Kara Kennedy Global Co-Head of Kinexys Amid Shifting Digital Asset Rules

Kara Kennedy’s appointment sees her overseeing Kinexys’ Digital Assets, Labs, and pilot programs including tokenized finance and blockchain carbon credit systems as new US stablecoin rules spur institutional momentum.

Summary

JPMorgan Chase announced that Kara Kennedy is the new global co-head of its blockchain-focused division Kinexys. Based in Edinburgh, she will share leadership with Naveen Mallela, overseeing digital assets, tokenization initiatives, and blockchain pilot programs like the JPMD token and a carbon credit platform, amid clearer US stablecoin regulations.

Terms & Concepts
  • Blockchain: A decentralized ledger technology used to secure and verify digital transactions.
  • Digital Asset: A non-physical asset existing in digital form, secured with encryption and blockchain technology.
  • Tokenization: The process of converting rights to an asset into a digital token on a blockchain to facilitate easier trading.