umar farooq

Umar Farooq is an enthusiastic business executive, a great leader, and a successful blockchain professional. He is the CEO of Onyx by J.P. Morgan. He was the Global Head of Digital Wholesale Payments as well as Head of Blockchain in favour of the Corporate and Investment Bank (CIB). He can grasp the knowledge of emerging technologies and quickly adapt to the features of the new environment. He is an individual with the philosophy of learning and earning. He encourages new businesses to enhance their business strategy and provides support to achieve their goals and objectives. 

 

Additionally, he also served  as the Head of CIB Fintech and the CFO executive for financial oversight and business management of all the technology, operations, and controls. Previously, he held positions of leadership in Chase Bank in his early career, including Head of Minor Business Segment and Public Sales Manager for Chase Business Banking. Umar was involved in J.P. Morgan's pursuit in 2009. Before this, he was the Chief Sales Officer at CIT Group, where he directed revenue growth over the middle market and specifically, lending businesses universally. He created, along with his highly skilled team, Onyx by J.P.Morgan to create industry-leading creative products operating with their peers.

 

Umar graduated from the Massachusetts Institute of Technology, earning a Bachelor’s degree in Computer Science and Economics, also a Master’s degree in Computer Engineering. He accomplished his JD from Yale Law School.  Recently, he announced that their ODA platform has been reforming the Repo trading prototype and the perspective of market participants think over everything from tokenization to Defi. Now have crossed $300 Billion in speculative trading on the space.