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KB Kookmin Bank to Launch Kinexys Cross-Border Corporate Payments in August
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Fusion42 · 26 July 2026 · Fusion42 review
KB Kookmin Bank will launch cross-border corporate payments via JPMorgan's Kinexys blockchain network in August, becoming South Korea's first bank to use the platform for import-export settlements across 10 countries including the US, Saudi Arabia, and UAE, with initial support for USD transfers and integration with SWIFT for near-real-time 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 payments network just got its first Asian bank customer at scale. If you build FX, compliance, or treasury tools for South Korean exporters, you now have a bank customer base moving to real-time settlement - and JPMorgan controls the pipes.
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9 sources · first reported 26 Jul 2026 · latest 27 Jul 2026
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