JPMorgan Posts 34 Blockchain Jobs as It Beefs Up JPM Coin – CoinDesk – CoinDesk

JPMorgan Posts 34 Blockchain Jobs as It Beefs Up JPM Coin – CoinDesk – CoinDesk

The majority of the job openings, posted this month and last, are in the U.S., India and Singapore. Many of the jobs relate directly to Onyx, the division created last October to oversee JPM coin, the bank’s wholesale payments token. 

A number of the blockchain engineer roles are focused on integrating both JPM coin and Liink (previously known as the blockchain-based Interbank Information Network, and which now counts more than 400 other banks as participants) into JPMorgan’s payments architecture.

When Onyx was launched, JPMorgan said the new division had about 100 jobs. 

JPMorgan did not respond to requests for comment by press time. 

Recently, big banks have been making noise about entering the cryptocurrency market, looking at areas such as crypto custody and potentially the trading of digital assets. While JPMorgan has been relatively quiet on those fronts, clearly it has a lot going on behind the scenes with payments. 

In contrast to JPMorgan’s 56 “blockchain” job search results, Goldman Sachs, which recently told Reuters it was restarting its crypto trading desk, has just two blockchain/cryptocurrency job openings. Morgan Stanley also has two blockchain jobs open, and BNY Mellon shows four positions with blockchain and digital assets in the title.