Key Facts

• J.P. Morgan added five Asia-Pacific currencies to its Kinexys blockchain platform, allowing institutional clients to settle payments and FX around the clock.
• The Kinexys platform enables institutional clients to settle payments and foreign exchange transactions continuously, improving the efficiency of cross-border payments.
• The expansion of Kinexys is part of J.P. Morgan's efforts to modernize cross-border payments, reflecting a broader trend among banks to leverage blockchain technology.
• The addition of the five Asia-Pacific currencies to the Kinexys platform is expected to facilitate increased trade and investment flows between Asia and other regions.
• The use of blockchain technology on the Kinexys platform provides a secure, transparent, and efficient way for institutional clients to settle payments and FX transactions.