JPMorgan has expanded its Kinexys blockchain payments platform by adding five Asia-Pacific currencies, increasing total supported currencies to eight.
The additions cover the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar.
They join the U.S. dollar, euro, and British pound on the platform, extending 24/7 settlement access for institutional clients across a region known for heavy cross-border trade flows.
Kinexys expands tokenized bank deposits
Kinexys supports JPMorgan’s Blockchain Deposit Account network, where institutional clients can hold bank deposits in tokenized form.
These balances are transferred over a blockchain operated by JPMorgan, allowing settlements to occur almost instantly within the bank’s infrastructure.
The platform has processed more than $4 trillion in cumulative transactions and records daily volumes above $7 billion.
The service does not rely on cryptocurrencies. Clients deposit cash directly with JPMorgan, and those deposits are represented digitally on the blockchain.
Settlement then takes place on the network while remaining inside the regulated banking system.
That structure keeps the service focused on tokenized bank deposits rather than public crypto assets or privately issued stablecoins.
APAC currencies bring first institutional users
Payoneer will be among the first clients to use the Australian dollar version of the service. The fintech company, known for handling international business payments, plans to use Kinexys for cross-border payment settlement and for moving funds between markets.
JERA Global Markets, the trading arm of Japanese energy company JERA, will be the first client to use the newly added Japanese yen capability.
Energy trading businesses frequently need to move large sums across time zones and tight settlement windows.
The platform’s 24/7 access to liquidity gives such clients an operational tool for payment activity that does not depend on standard market hours.
The broader currency expansion gives institutional users more options for handling regional settlement through one blockchain-based banking network.
It also places more Asia-Pacific currencies alongside existing support for major Western currencies already available on Kinexys.
JPMorgan blockchain infrastructure grows
JPMorgan originally developed the network under the Onyx brand before rebranding it as Kinexys in November 2024.
The bank also operates JPM Coin, ticker JPMD, a U.S. dollar-denominated deposit token. JPM Coin functions as a regulated bank liability and is not a stablecoin.
JPM Coin has been deployed on Coinbase’s Base network, an Ethereum layer two blockchain. Integration with the Canton Network is expected before the end of 2026. JPMorgan has also launched tokenized money market funds on Ethereum, identified as MONY and JLTXX.
With the latest currency additions, Kinexys now supports eight currencies and offers institutional clients a wider blockchain settlement framework for regulated bank money.
The five additions extend currency coverage while keeping settlement within JPMorgan’s regulated bank deposit framework for institutional users.
