Author: Akshay
Published On: Wed, 08 Oct 2025 13:17:38 GMT
Adam Ludwin, who founded Chain in 2014, played a key role in the creation of what later became Onyxcoin (XCN). Chain secured over $40 million in funding from major institutions like Visa, Nasdaq, and Citi before evolving into the Onyx Protocol and launching its native token.
Onyxcoin (XCN) serves as both a utility and governance token within the Onyx ecosystem, enabling payments for services, discounts, and community-driven decision-making via the Onyx DAO. It is entirely separate from JPMorgan’s Onyx unit.