Dukhan Bank And J.P. Morgan Announces Dukhan Bank Goes Live On Kinexys Blockchain Deposit Account Network

Dukhan Bank has officially joined the Kinexys Digital Asset network, formerly known as Onyx, developed by J.P. Morgan. By integrating with the Kinexys blockchain-based deposit account system, the Qatari bank aims to enhance its cross-border payment capabilities and liquidity management. This move allows Dukhan Bank to leverage programmable payments and real-time settlement features inherent in the Kinexys infrastructure. The collaboration marks a significant step in the adoption of institutional blockchain solutions within the Middle Eastern banking sector. By utilizing this network, the bank can streamline complex international transactions while reducing the friction typically associated with traditional correspondent banking. This development underscores the growing trend of major financial institutions adopting private, permissioned ledgers to modernize legacy financial plumbing. Ultimately, the integration signals a broader shift toward tokenized deposit accounts as a foundational layer for future digital asset interoperability in global finance.