Wire · technology
KB Kookmin to Launch Cross-Border Payments on JPMorgan's Blockchain
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Fusion42 · 27 July 2026 · Fusion42 review
KB Kookmin, South Korea's largest bank, will launch cross-border corporate payments on JPMorgan's Kinexys blockchain network in August, becoming the first Korean financial institution to use the platform for import-export transactions across ten countries including the US, India, Saudi Arabia, and UAE.
This Wire brief sits within Fusion42's coverage of Banking Infrastructure, and 9 sources have reported it between 26 Jul 2026 and 27 Jul 2026.
◆ ◆ The Wire takeaway
If you're selling compliance, FX routing, or settlement tech to Asian banks, JPMorgan just became your competitor—and it's now live in the region. KB's move signals tier-1 banks are ready to skip legacy correspondent networks.
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9 sources · first reported 26 Jul 2026 · latest 27 Jul 2026
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