South Korea’s largest lender will use JPMorgan’s blockchain platform to help US greenback cross-border funds for import and export companies throughout 10 international locations.
South Korea’s KB Kookmin Financial institution will launch a blockchain-based cross-border cost service for import and export companies in August utilizing JPMorgan’s Kinexys community, in response to a number of native media experiences.
Kinexys, previously generally known as Onyx, is JPMorgan’s blockchain platform for institutional funds, tokenization and digital belongings.
The service will initially help US greenback transfers throughout 10 international locations, together with the US, Singapore, Saudi Arabia and the United Arab Emirates.
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