Naveen Mallela, co-head of JPMorgan's blockchain division, has left the company

According to Bloomberg, Naveen Mallela, the global co-head of JPMorgan's blockchain division Kinexys, has left the company. Meanwhile, the bank is accelerating its expansion into digital asset payment services. Mallela took on the role in 2024 and had been with the bank for over ten years.

A JPMorgan spokesperson confirmed that Mallela has left and stated that a successor will be appointed soon.