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KB Kookmin Bank Taps JPMorgan's Kinexys for Blockchain Cross-Border Payments

Guavy AI Editorial Team
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KB Kookmin Bank is set to launch a blockchain-based cross-border USD payment service in August 2026, utilizing JPMorgan's Kinexys platform. This makes KB Kookmin the first South Korean financial institution to use Kinexys for live corporate payments.

The new service targets import and export businesses, supporting USD remittances to ten countries: the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, the UAE, Bahrain, South Africa, and South Korea itself.

Clients will be able to access the service through KB Kookmin's Korean branches and its Singapore office. The traditional cross-border payments process can take days to settle and involve multiple correspondent banks, but Kinexys operates 24/7 with real-time settlement capabilities using tokenized deposits.

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