#BlockchainPayments

8 articles tagged #BlockchainPayments — curated RWA tokenization coverage.

#JPMorgan #Kinexys #InstitutionalFinance #KBKookminBank #TokenizedDeposits #TreasuryManagement #APAC #Citi #CrossBorderSettlement #DepositTokens

Infrastructure

Citi Launches Citi Token Services in Japan, Offering 24/7 Cross-Border Dollar Transfers

Citigroup has officially expanded its Citi Token Services to corporate clients in Japan and the United Arab Emirates, enabling near-real-time cross-border payments using tokenized deposits. This service allows institutional users to transfer US dollars 24/7, 365 days a year, bypassing traditional banking hours and holiday constraints. By utilizing a permissioned blockchain managed internally by Citi, the bank eliminates the need for clients to manage separate crypto wallets or open new accounts. The expansion brings the total number of markets supported by the service to seven, including the US, Ireland, Hong Kong, Singapore, and the UK. This development is significant for the RWA market as it demonstrates the practical application of tokenized deposits to streamline global liquidity management and reduce the need for pre-positioned capital. Furthermore, Citi announced an expanded partnership with Coinbase to facilitate the settlement of stablecoin payments into fiat currency for US corporate clients. These initiatives collectively signal a major shift toward blockchain-based infrastructure for traditional institutional treasury operations.

#Stablecoins #TokenizedDeposits #InstitutionalFinance

en.bloomingbit.io·Sep 29, 20268.5

Infrastructure

KB Kookmin Bank: First in Korea on Kinexys BDA Network

KB Kookmin Bank has become the first financial institution in South Korea to utilize the Kinexys Blockchain Deposit Account (BDA) network, a solution developed by JPMorgan. This integration allows the bank to facilitate programmable payments and streamline cross-border settlement processes by leveraging blockchain technology. By adopting the BDA, KB Kookmin Bank aims to enhance operational efficiency and reduce the friction typically associated with traditional international banking transactions. The collaboration marks a significant expansion for JPMorgan’s Kinexys platform into the Asian market, demonstrating the growing institutional appetite for tokenized deposit solutions. This development highlights the shift toward programmable money, where smart contracts automate payment execution based on predefined conditions. For the broader RWA market, this move underscores the increasing role of major global banks in building the infrastructure necessary for tokenized liquidity and settlement. As more institutions adopt these blockchain-based deposit accounts, the interoperability between traditional banking systems and decentralized networks continues to strengthen.

#JPMorgan #Kinexys #TokenizedDeposits

jpmorgan.com·Sep 2, 20268.0

Infrastructure

Kinexys Wins Two Future of Finance Awards for Blockchain

J.P. Morgan’s blockchain division, Kinexys, has been recognized with two Future of Finance Awards for its advancements in institutional blockchain technology. The awards highlight the platform's role in facilitating programmable payments and tokenized asset settlements for global financial institutions. By leveraging blockchain infrastructure, Kinexys aims to streamline cross-border liquidity and reduce the friction associated with traditional settlement cycles. This recognition underscores the growing institutional commitment to integrating distributed ledger technology into core banking operations. As Kinexys continues to scale, its ability to provide secure, scalable, and compliant on-chain solutions serves as a benchmark for the broader RWA sector. The integration of these tools into the existing financial ecosystem demonstrates a shift toward more efficient, automated, and transparent capital markets. This development is significant for the RWA market as it validates the transition from experimental blockchain pilots to production-grade financial infrastructure.

#Tokenization #JPMorgan #Kinexys

jpmorgan.com·Aug 15, 20267.5

Infrastructure

Kinexys Earns Global Finance, Tearsheet & Fortune Honors

JPMorgan's Kinexys, formerly known as Onyx, has received industry recognition for its JPM Coin system, which functions as a bank-issued deposit token on public blockchain infrastructure. The platform facilitates real-time, multi-currency payments and settlements for institutional clients, effectively bridging traditional banking with distributed ledger technology. By enabling 24/7 programmable liquidity, the system addresses inefficiencies in cross-border transactions and intraday liquidity management. This recognition underscores the growing institutional acceptance of tokenized deposits as a viable alternative to legacy payment rails. The integration of JPM Coin into broader blockchain ecosystems signals a shift toward institutional-grade, regulated RWA infrastructure. As financial institutions continue to explore tokenization, the success of this platform serves as a benchmark for bank-issued digital assets. This development is critical for the RWA market as it demonstrates how established banks can leverage public blockchains to enhance settlement speed and operational transparency.

#JPMorgan #Kinexys #InstitutionalFinance

jpmorgan.com·Aug 1, 20268.5

Infrastructure

KB Kookmin Bank to launch import-export payments using JPMorgan Kinexys blockchain network

KB Kookmin Bank is set to launch a corporate import-export payment service next month utilizing JPMorgan's Kinexys blockchain network. This initiative marks the first instance of a South Korean financial institution integrating the Kinexys infrastructure for cross-border trade settlements. The service aims to streamline international payments by leveraging programmable features that allow for 24/7 automated fund transfers, effectively bypassing traditional settlement delays caused by time zone differences. Initially supporting U.S. dollar remittances, the service will be accessible through KB Kookmin Bank's domestic branches and its Singapore office, covering 10 countries including the U.S., India, and Thailand. By connecting global digital payment rails with domestic corporate finance, the bank expects to significantly improve trade payment collection and liquidity management for exporters. This development highlights the growing institutional adoption of blockchain-based payment networks to modernize legacy trade finance workflows. The integration underscores the shift toward programmable, real-time settlement systems in global banking, reducing reliance on the conventional SWIFT-only processing model.

#JPMorgan #Kinexys #KBKookminBank

digitaltoday.co.kr·Jul 30, 20267.5

Infrastructure

EBANX Speeds Cross-Border Fund Transfers With Kinexys

EBANX has successfully integrated Kinexys by J.P. Morgan to overhaul its internal cross-border treasury operations across emerging markets. By replacing traditional correspondent banking infrastructure with this blockchain-based payment solution, EBANX reduced internal fund transfer times from over 24 hours to mere minutes. This transition allows for 24/7, near-real-time settlement between the company's internal accounts, effectively eliminating reliance on corridor-specific processing windows and local cut-off times. The shift provides EBANX with enhanced liquidity management, as the company no longer needs to maintain conservative prefunding buffers in its Singapore accounts. This implementation demonstrates the practical utility of blockchain technology in solving institutional-grade settlement inefficiencies within the global payments sector. By achieving greater transparency and predictability, EBANX is better positioned to scale its services for global merchants operating in Latin America, Africa, and Asia. Ultimately, this partnership highlights how institutional blockchain infrastructure can modernize legacy financial systems to support the demands of a high-velocity digital economy.

#JPMorgan #Kinexys #TreasuryManagement

jpmorgan.com·Jul 10, 20267.5

Infrastructure

JPMorgan’s Kinexys Adds Five Asia-Pacific Currencies

JPMorgan has significantly expanded its Kinexys blockchain-based payments platform by adding support for five new currencies in the Asia-Pacific region. The platform now facilitates institutional transactions in the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan, and Singapore dollar, alongside the previously supported U.S. dollar, euro, and British pound. This update brings the total number of available currencies to eight, specifically targeting the growing demand for efficient blockchain-based payments and foreign-exchange trading among institutional clients. By integrating these regional currencies, JPMorgan is positioning Kinexys to capture a larger share of the cross-border settlement market in Asia. This development underscores the increasing institutional adoption of distributed ledger technology for traditional financial operations. The expansion represents a strategic effort to streamline liquidity management and reduce settlement times for global financial institutions operating within the APAC corridor. Such advancements are critical for the RWA market as they provide the necessary infrastructure for tokenized assets to be settled instantly across diverse fiat denominations.

#JPMorgan #Kinexys #InstitutionalFinance

en.bloomingbit.io·Jun 29, 20268.5

Infrastructure

FirstRand Bank First to Advance Blockchain Treasury Management in South Africa With Kinexys by J.P. Morgan

FirstRand Bank has become the first financial institution in South Africa to utilize Kinexys by J.P. Morgan for blockchain-based treasury management. This integration enables the bank to execute near-instantaneous cross-border payments and settlement processes, significantly reducing the friction typically associated with traditional banking infrastructure. By leveraging J.P. Morgan’s Onyx-powered platform, FirstRand aims to enhance liquidity management and operational efficiency for its corporate clients. This development marks a critical milestone for the South African financial sector, signaling a shift toward institutional adoption of distributed ledger technology for high-value treasury operations. The move demonstrates how global banking giants are successfully exporting blockchain solutions to emerging markets to solve legacy settlement inefficiencies. As more banks adopt these programmable payment rails, the RWA market benefits from increased velocity of capital and improved transparency in cross-border transactions. This partnership underscores the growing trend of major financial institutions moving beyond pilot programs into live, production-grade blockchain treasury services.

#JPMorgan #Kinexys #TreasuryManagement

ffnews.com·Jun 28, 20267.5

#BlockchainPayments

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