South Korea's largest bank KB Kookmin launches blockchain-based cross-border payments on JPMorgan's Kinexys platform next month.
Tech & Launches ·
KB Kookmin Bank plans to roll out a blockchain-based service for cross-border corporate payments on JPMorgan's Kinexys platform starting next month, according to reporting from Yonhap. The move marks an adoption of the payments infrastructure by South Korea's largest lender.
Kinexys is JPMorgan's blockchain network designed to settle international corporate transactions. The partnership signals growing institutional use of blockchain rails for payments, with a major regional bank integrating into an established infrastructure rather than building independently.
Details about the scope of the launch—such as transaction limits, supported corridors, or phased rollout plans—remain unclear from available reporting.