PANews reported on February 12th, citing Bloomberg, that Naveen Mallela, global co-head of JPMorgan Chase's blockchain division Kinexys, has resigned. This comes as the bank accelerates its expansion into digital asset payments. Mallela assumed the role in 2024, having served at the bank for over a decade.

A JPMorgan Chase spokesperson confirmed Mallela's departure and stated that a successor would be appointed soon.