#CrossBorderPayments

45 articles tagged #CrossBorderPayments — curated RWA tokenization coverage.

#TokenizedDeposits #JPMorgan #Swift #Citi #Kinexys #DBS #Stablecoins #Blockchain #Citigroup #ProjectAgora

SWIFT launches blockchain ledger with 17

SWIFT has officially launched a new blockchain-based ledger designed to facilitate cross-border payments using tokenized bank deposits. Seventeen major global financial institutions, including HSBC, Citi, BNP Paribas, UBS, ANZ, DBS, and Standard Chartered, are participating in the initial pilot phase. This development follows nine months of intensive internal development aimed at enabling 24/7 payment availability, including weekends and overnight transactions. By integrating tokenized deposits into its existing messaging infrastructure, SWIFT seeks to modernize cross-border settlements while maintaining rigorous compliance, credit, and risk management standards. This initiative represents a significant shift in how traditional banking networks adopt distributed ledger technology to enhance the velocity of global commerce. The move aligns with a broader industry trend toward tokenized financial assets, positioning SWIFT as a central player in the evolution of programmable money. Ultimately, this pilot demonstrates that major financial incumbents are prioritizing the integration of blockchain rails to meet the demands of modern, always-on global markets.

#CrossBorderPayments #TokenizedDeposits #BankingInfrastructure

Cointelegraph — RWA TokenizationAdded: Jul 9, 20269.5

Infrastructure

SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services

Siam Commercial Bank (SCB) has partnered with Citi to implement 24/7 USD clearing services, facilitating near real-time cross-border payments for its clients. By integrating Citi Token Services, which operates on a private permissioned blockchain, SCB enables continuous USD transaction capabilities regardless of traditional banking hours. This initiative leverages Citi's 24/7 clearing network, which currently connects more than 300 financial institutions across over 50 global markets. The adoption of this technology marks a significant shift for Thailand's oldest commercial bank toward modernizing its international payment infrastructure. For the RWA market, this development underscores the growing institutional reliance on private blockchain solutions to enhance liquidity and settlement speed in cross-border finance. By removing the friction of traditional clearing cycles, the collaboration sets a precedent for how legacy banking institutions can utilize tokenized services to improve capital efficiency. This integration demonstrates a practical application of blockchain technology in streamlining high-volume, multi-currency institutional settlements.

#Blockchain #Tokenization #CrossBorderPayments

asianbankingandfinance.netAdded: Jul 7, 20267.5

Infrastructure

JPMorgan adds five Asia-Pacific currencies to Kinexys blockchain payments platform

JPMorgan has significantly expanded its Kinexys blockchain platform by adding support for five additional APAC fiat currencies, including the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar. This strategic update brings the total number of supported currencies to eight, further enhancing the platform's capability to facilitate seamless cross-border settlements. Having already processed over $4 trillion in transaction volume, Kinexys serves as a critical infrastructure layer for institutional-grade tokenized banking. By integrating these major regional currencies, JPMorgan is effectively bridging traditional finance with decentralized ecosystems, including DeFi protocols and various exchange on-ramps. This expansion is a pivotal development for the RWA market as it provides the necessary liquidity and fiat rails required for large-scale enterprise blockchain adoption. The move signals a broader institutional commitment to streamlining global payment flows through programmable, tokenized assets. Ultimately, this infrastructure upgrade positions JPMorgan to capture a larger share of the growing demand for efficient, blockchain-based cross-border financial services.

#JPMorgan #Kinexys #CrossBorderPayments

cryptorank.ioAdded: Jul 4, 20268.5

U.S. Treasuries

XRP Ledger Settles Tokenized Treasuries Across Borders

Ondo Finance, JPMorgan, Mastercard, and Ripple successfully executed the first cross-border redemption of a tokenized US Treasury fund in under five seconds on May 6. The transaction utilized Ondo's OUSG token, which represents short-term US government treasuries, and leveraged the XRP Ledger for the on-chain settlement component. Mastercard’s Multi-Token Network facilitated the interoperability between the blockchain and traditional fiat systems, while JPMorgan’s Kinexys platform finalized the delivery of US dollars to a Singapore-based bank account. This pilot is significant because it occurred outside of standard banking hours, proving that public blockchain infrastructure can integrate with interbank rails to enable 24/7 global market operations. By bridging these disparate systems, the collaboration eliminates manual steps in the settlement process, which historically hindered cross-border efficiency. With OUSG currently holding $610 million in total value locked, this successful test signals a major step toward institutional adoption of tokenized assets. The achievement builds upon previous industry experiments, marking a transition from isolated blockchain pilots to integrated, real-world financial flows.

#Ondo Finance #XRP #TokenizedTreasuries

coinmarketcap.comAdded: Jul 3, 20269.5

Infrastructure

JPMorgan Says Tokenization & Programmable Money Are the Next Frontier — Why XRP Ledger Matters

JPMorgan executives Umar Farooq and Peter Muriungi have identified tokenization and programmable money as the next frontier for global financial infrastructure. The bank emphasizes that moving traditional assets like bonds, equities, and real estate onto blockchains can reduce payment friction and compress settlement times from days to seconds. This shift is viewed as essential for supporting a 24/7 global economy, provided that digital asset providers adhere to strict regulatory standards for capital and consumer protection. The article highlights the XRP Ledger (XRPL) as a significant contender in this space due to its native capabilities for fast, low-cost value transfer. With transaction settlement times of three to five seconds and minimal fees, the XRPL is positioned to handle the cross-border payment use cases JPMorgan advocates for. Furthermore, the ledger supports enterprise-grade features such as escrow, automated market makers, and permissioned token issuance, which align with institutional requirements. By focusing on compliance-oriented infrastructure, the XRPL mirrors JPMorgan's vision of enhancing existing financial systems rather than bypassing them. This alignment underscores the growing institutional consensus that blockchain technology is becoming a foundational element of modern finance.

#Tokenization #XRPL #InstitutionalDeFi

coinpaper.comAdded: Jun 30, 20267.5

Infrastructure

KBank and Ant International Partner with JPMorgan’s Kinexys to Enhance Cross-Border Payments

Kasikornbank (KBank) and Ant International have entered a strategic partnership with JPMorgan’s Kinexys, formerly known as Onyx, to streamline cross-border payment processes. This collaboration leverages Kinexys’ blockchain-based infrastructure to facilitate near-instantaneous settlement for international transactions, addressing traditional inefficiencies in global liquidity management. By integrating Kinexys’ programmable payment capabilities, the partners aim to reduce settlement times and operational costs for businesses operating across multiple jurisdictions. This initiative marks a significant advancement in the adoption of institutional blockchain solutions for real-world financial operations, specifically targeting the optimization of cross-border treasury flows. The involvement of major financial institutions like KBank and Ant International underscores the growing institutional confidence in distributed ledger technology for high-value payment rails. As these entities scale their use of Kinexys, the move signals a broader industry shift toward tokenized liquidity and automated settlement protocols. This development is critical for the RWA market as it demonstrates how blockchain-based payment layers can serve as the foundational infrastructure for tokenized asset settlement and global trade finance.

#JPMorgan #Kinexys #KBank

crowdfundinsider.comAdded: Jun 8, 20268.0

Stablecoins

Visa's Canton Network Stablecoin: How Blockchain Settlement Changes International Travel Fees in 2026

Visa has integrated the Canton Network to facilitate stablecoin-based settlement for international travel payments, aiming to reduce the friction and high costs associated with traditional cross-border transactions. By leveraging blockchain technology, this initiative allows travel merchants and service providers to settle funds in near real-time, bypassing the delays inherent in legacy banking systems. The Canton Network, a privacy-enabled interoperable blockchain ecosystem, serves as the underlying infrastructure to ensure secure and compliant asset transfers. This development marks a significant shift in how global travel payments are processed, potentially saving consumers and businesses substantial amounts in currency conversion and intermediary fees. As major financial institutions continue to adopt distributed ledger technology, this move signals a broader trend toward the institutionalization of stablecoins for everyday commerce. The integration highlights the practical utility of RWA tokenization in streamlining complex, multi-currency financial workflows. Ultimately, this collaboration positions Visa at the forefront of modernizing global payment rails through decentralized network solutions.

#Stablecoins #CantonNetwork #CrossBorderPayments

nomadlawyer.orgAdded: Jun 5, 20268.0

Infrastructure

Ant, KASIKORNBANK use JP Morgan’s Kinexys for cross border DLT payments

KASIKORNBANK (KBank) and Ant International have announced a strategic collaboration to facilitate real-time, 24/7 cross-border USD transactions. The initiative leverages Kinexys by JP Morgan, utilizing its blockchain-based deposit accounts to streamline international liquidity management. While Ant International has previously integrated Kinexys, this partnership deepens the operational synergy between the two entities, building upon their existing relationship through the Alipay+ digital wallet gateway. Ant International utilizes its internal treasury management solution, Whale, to orchestrate these movements across various tokenized deposit platforms. By partnering with systemically important banks, Ant International aims to establish robust standards for digital asset-based settlements. This development underscores the growing institutional adoption of tokenized deposits to replace traditional, slower cross-border payment rails. The move highlights the critical role of major financial institutions in scaling blockchain infrastructure for global treasury operations.

#JPMorgan #Kinexys #CrossBorderPayments

ledgerinsights.comAdded: Jun 2, 20268.0

Infrastructure

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.

#Blockchain #JPMorgan #Kinexys

finextra.comAdded: Jun 2, 20268.0

#CrossBorderPayments

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