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JPMorgan Blockchain Department Global Co-Head Naveen Mallela Resigns
Odaily Planet Daily reports that Naveen Mallela, Co-Head of the Blockchain Department at JPMorgan Chase & Co., has resigned. Naveen Mallela has been with the bank for over ten years and was appointed to this position in 2024. A JPMorgan Chase & Co. spokesperson confirmed the resignation and stated that they plan to appoint a successor as soon as possible. Kinexys is a department under JPMorgan Chase & Co. that develops products and services in payment and other fields using blockchain technology, with a platform that handles $5 billion in daily transactions. The bank launched JPM Coin deposit tokens for institutional clients in November, allowing users to send and receive funds via Base.