South Korea's KB Kookmin Bank Adopts JPMorgan Blockchain for Trade Payments
KB Kookmin Bank, South Korea's largest bank, announced on July 26, 2026, that it will launch a blockchain-based payment service for import and export companies starting in August. The service will initially process US dollar payments over JPMorgan's Kinexys blockchain network, formerly known as Onyx. Kinexys has processed over $4 trillion since its launch, with average daily transactions exceeding $7 billion. The service will support dollar remittances to 10 countries including the US, Singapore, Saudi Arabia, India, Thailand, Qatar, UAE, Bahrain, South Africa, and South Korea itself. Korean branches and KB Kookmin's Singapore office will offer the service. This follows the bank's recent selection for a government-backed deposit token payment project run by the Ministry of Science and ICT and the Korea Internet & Security Agency.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection