Wire · technology
KB Kookmin Bank to Launch Blockchain Cross-Border Payment Service
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Fusion42 · 26 July 2026 · Fusion42 review
KB Kookmin Bank will launch a blockchain-based cross-border payment service in August using JPMorgan's Kinexys network, initially supporting USD transfers across 10 countries including the US, Singapore, Saudi Arabia, and the UAE. The service will integrate with SWIFT to enable near-instant payments and reduce transaction costs for import-export businesses.
This Wire brief sits within Fusion42's coverage of Fintech, and 9 sources have reported it between 26 Jul 2026 and 27 Jul 2026.
◆ ◆ The Wire takeaway
JPMorgan's Kinexys network now has a major Asian bank adopting it for production payments. If you build trade finance tooling, settlement infrastructure, or FX matching for import-export companies, a new corridor just opened—and the bank needs vendors who can plug into both Kinexys and SWIFT.
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9 sources · first reported 26 Jul 2026 · latest 27 Jul 2026
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