J.P. Morgan broadens blockchain settlement network as banks modernize cross-border payments
The bank added five Asia-Pacific currencies to its Kinexys blockchain platform, allowing institutional clients to settle payments and FX around the clock.
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Summary
- J.P. Morgan has expanded its Kinexys blockchain payments platform to support eight currencies.
- The firm added the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi and Singapore dollar to the platform, which already supports the U.S. dollar, euro and British pound.
- J.P. Morgan says Kinexys has processed more than $4 trillion in transactions to date, with the latest expansion deepening its reach in the Asia-Pacific region.
