KBank and Ant International turn to JPMorgan's Kinexys for real-time cross-border USD

Kasikornbank (KBank) and Ant International have integrated JPMorgan’s Kinexys digital asset platform to facilitate real-time, cross-border USD settlements. This collaboration leverages blockchain technology to replace traditional, slower correspondent banking methods, enabling 24/7 transaction capabilities for businesses. By utilizing Kinexys, formerly known as Onyx, the partners aim to enhance liquidity management and reduce the friction typically associated with international currency transfers. This move signifies a growing trend among major financial institutions to adopt institutional-grade blockchain infrastructure for high-volume, cross-border payments. The integration allows KBank to offer more efficient settlement services to its corporate clients, particularly those engaged in global trade. As traditional banks increasingly adopt tokenized settlement layers, the efficiency of global USD liquidity is expected to improve significantly. This development underscores the shift toward programmable money and real-time settlement rails within the broader RWA and digital finance ecosystem.

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