J.P. Morgan broadens blockchain settlement network as banks modernize cross-border payments

60-second summary

J.P. Morgan is expanding its Kinexys blockchain platform to include five Asia-Pacific currencies, enabling institutional clients to settle payments and FX 24/7. This move brings the total number of currencies to 13, supporting cross-border transactions in major markets. The initiative reflects the banking industry's shift towards modernizing cross-border payments with real-time settlement capabilities.