#Qatar

Dukhan Bank joins J.P. Morgan’s Kinexys network as Qatar’s first Islamic bank

Dukhan Bank officially integrated with J.P. Morgan's Kinexys network on August 3, 2026, establishing itself as the first Islamic financial institution in Qatar to utilize blockchain-based settlement infrastructure. This deployment enables 24/7 settlement capabilities, representing a major shift toward real-time financial operations within the Middle Eastern banking sector. By leveraging Kinexys, the bank aims to enhance liquidity management and streamline operational efficiency for cross-border payments. The move is particularly significant for the RWA market as it bridges traditional Islamic banking with tokenized payment rails. This integration facilitates smoother on-ramps for decentralized finance, centralized exchanges, and decentralized exchanges. Such institutional adoption signals a growing trend of legacy banks adopting distributed ledger technology to modernize global payment architectures. Ultimately, this development underscores the increasing utility of blockchain networks in supporting high-volume, regulated financial transactions.

cryptorank.io·1h ago