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J.P. Morgan Launches Blockchain for Ethereum Assets ?? Chainlink Ripped OffOnyx is a bank-led blockchain platform building next generation financial ecosystems that enable seamless exchange of value, digital assets and information. JPM Coin is a dollar-backed cryptocurrency (stablecoin) from the bank JP Morgan Chase, announced in February as an institution-to-institution service. JPMorgan's Ethereum-based Onyx blockchain and the bank's Tokenized Collateral Network (TCN) was used by BlackRock to tokenize shares in one of.