Hassan Maishera
On Thursday, the Avalanche Foundation announced via a blog post that Kinexys by J.P. Morgan (formerly known as Onyx by J.P. Morgan) has chosen Avalanche’s AvaCloud to participate in its EPIC project.
The highlighted use cases focused on the asset management industry for institutional investors, fund managers, and transfer agents. AvaCloud’s tooling demonstrated a range of tangible benefits and capabilities, reinforcing Avalanche’s position as a key player in institutional blockchain adoption.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up 2.5% today and currently trades at $27.46 per coin.
