JPMorgan's Blockchain Boss Exits After Building $5B Daily Empire
Naveen Mallela leaves Kinexys after 11 years as JPMorgan doubles down on digital asset payments.
JPMorgan just lost a key architect of its blockchain ambitions. Naveen Mallela, global co-head of the bank's blockchain division Kinexys, has stepped down after 11 years at the financial giant.
The timing is notable. Kinexys processes a staggering $5 billion in transactions daily. That's not a side project—that's serious institutional money moving through blockchain rails.
Mallela's departure comes as JPMorgan accelerates its push into digital-asset payments. The bank isn't slowing down; it's expanding.
No word yet on where Mallela lands next. But when someone who helped build one of traditional finance's most successful blockchain operations hits the market, the crypto and fintech worlds will be watching.
JPMorgan's blockchain bet is paying off. The question now: who steps up to keep that $5 billion machine humming?