Wire · technology
South Korea's largest bank to launch payment service on JPMorgan's Kinexys
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Fusion42 · 26 July 2026 · Fusion42 review
KB Kookmin Bank, South Korea's largest lender, will launch a blockchain-based cross-border payment service on JPMorgan's Kinexys network in August, initially supporting USD transfers across 10 countries and integrating with SWIFT for near-instant settlement.
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 blockchain network just gained a top-30 Asia-Pacific bank as a customer. If you're building payment infrastructure for cross-border trade finance, you now know the incumbent isn't waiting—you're competing against a live production network with $550bn in assets behind it.
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9 sources · first reported 26 Jul 2026 · latest 27 Jul 2026
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