Kinexys by J.P. Morgan has expanded its Blockchain Deposit Account (BDA) network by introducing support for five additional Asia-Pacific currencies, strengthening its blockchain-based cross-border payments infrastructure and enabling around-the-clock settlement for institutional clients.
The expansion adds accounts denominated in the Australian Dollar (AUD), Hong Kong Dollar (HKD), Japanese Yen (JPY), Chinese Renminbi (RMB), and Singapore Dollar (SGD). These currencies join the existing network supporting the Euro (EUR), British Pound (GBP), and U.S. Dollar (USD), allowing financial institutions and multinational corporations to transfer funds and execute on-chain foreign exchange transactions across multiple currencies beyond traditional banking cut-off times.
The enhanced network also introduces programmable payments across all supported currency pairs, enabling businesses to automate treasury operations and liquidity management while improving payment efficiency and integration with business processes.
The latest expansion comes amid growing institutional demand for scalable blockchain-powered payment infrastructure capable of supporting real-time, multi-currency settlements across global markets.
Global fintech company Payoneer has become one of the first organizations to adopt the new AUD-denominated Blockchain Deposit Account, using the platform to facilitate 24/7 cross-border payment settlements for its customers.
“Reducing friction in cross-border money movement remains a priority for global businesses,” said Derek Green, Global Head of Treasury & Payment Services at Payoneer. He noted that the integration with Kinexys enhances treasury funding, accelerates liquidity transfers across markets, and strengthens the company’s global payment capabilities.
Meanwhile, JERA Global Markets, the international energy trading arm backed by Japanese utility companies, has become the first client to utilize the JPY-denominated Blockchain Deposit Account. The company is using the solution to optimize intragroup treasury operations and improve liquidity management across its global trading activities.
Siang-Chee Chew, Senior Vice President of Finance & Treasury at JERA Global Markets, said the ability to move Japanese Yen on a continuous basis supports the company’s efforts to modernize treasury infrastructure, enhance operational flexibility, and improve capital mobility across international markets.
Since its launch, Kinexys by J.P. Morgan, a business unit within J.P. Morgan Payments, has processed more than $4 trillion in transaction volume, with average daily transaction values exceeding $7 billion.
Zack Chestnut, Global Head of Commercial at Kinexys by J.P. Morgan, said the expansion reflects the company’s commitment to delivering blockchain infrastructure that enables 24/7 settlement, on-chain foreign exchange, and programmable payments for enterprises operating in increasingly global and always-on financial markets.
The addition of five Asia-Pacific currencies further strengthens the Kinexys blockchain network as demand for digital treasury solutions and real-time cross-border payment capabilities continues to grow among financial institutions and multinational corporations worldwide.
