JPMorgan adds 5 Asia-Pacific currencies to Kinexys blockchain settlement network

JPMorgan added the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi and Singapore dollar to its Kinexys blockchain platform, enabling 24/7 settlement for institutional clients across eight currencies.

• Kinexys now supports 8 currencies including USD, EUR, GBP and 5 new Asia-Pacific currencies.
• The platform has processed over $4 trillion in transactions since launch, with $7 billion daily average volume.
• Payoneer and JERA Global Markets are among the first clients using the new currency rails.
• Clients hold tokenized bank deposits on a permissioned blockchain, not cryptocurrencies.

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