The bank has integrated five new Asia-Pacific currencies into its Kinexys blockchain platform, facilitating around-the-clock payment and FX settlements for institutional clients.
By Helene Braun|Edited by Cheyenne Ligon Jun 29, 2026, 3:23 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on (Photo by Cheng Xin/Getty Images)SummaryShow- J.P. Morgan has broadened its Kinexys blockchain payments platform to accommodate eight currencies.
- The new currencies include the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar, joining the previously supported U.S. dollar, euro, and British pound.
- Since its inception, Kinexys has processed transactions exceeding $4 trillion, with this latest enhancement expanding its influence in the Asia-Pacific market.
J.P. Morgan has increased the variety of currencies available on its Kinexys blockchain payments platform, which could streamline the process for global corporations to transfer funds internationally at any time.
The addition of the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar to the platform's Blockchain Deposit Account network enables clients to transfer tokenized bank deposits. This update allows institutional clients to utilize a total of eight currencies for blockchain settlements and foreign exchange operations.
This development comes amid efforts by banking institutions to tackle a persistent challenge in international finance: accelerating the transfer of funds across borders without requiring multiple banks constrained by local banking hours.
Kinexys aims to mitigate these delays by utilizing a permissioned blockchain network managed by J.P. Morgan for recording and settling transactions among participating clients. The continuous operation of the platform enables businesses to transfer funds, conduct currency exchanges, and manage liquidity 24/7.
This platform does not revolve around cryptocurrencies like bitcoin BTC$59,813.82. Instead, clients maintain deposits at J.P. Morgan, which are digitally represented on the blockchain, allowing for nearly instantaneous transaction settlements while remaining compliant with banking regulations.
Payoneer, a fintech company that facilitates international payment processing, is among the first to adopt the Australian dollar functionality of this service. The firm plans to leverage the platform to enhance the efficiency of cross-border payment settlements.
Additionally, JERA Global Markets, the trading division of Japan's JERA energy firm, is the inaugural user of the Japanese yen account. Energy traders frequently require rapid movement of substantial sums to fulfill trading commitments across different time zones, giving them a significant operational edge with round-the-clock cash access.
J.P. Morgan reports that Kinexys has handled over $4 trillion in transactions since its launch, with daily transaction volumes averaging more than $7 billion. This recent expansion further solidifies its presence in the Asia-Pacific region, where cross-border trade and foreign exchange activities are among the most active globally.
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