JPMorgan to open its permissioned blockchain Onyx to third-party apps

JPMorgan plans to open up its licensed blockchain Onyx to allow third-party deployment of applications, which will also enable others to tokenize assets on JPMorgan's blockchain. It is reported that the JPM Coin Systems team, based on a blockchain-based account solution, is focusing on building Onyx Digital Assets and collaborating with third parties in this field. In addition, Stephanie Lok, Vice President of JPMorgan, revealed that Onyx blockchain has now processed nominal transactions worth over $1 trillion and handles up to $2 billion in transactions per day.