Mitsubishi Corp Adopts JPMorgan’s Kinexys for Global Blockchain-Based Fund Transfers
According to Nikkei, Mitsubishi Corp plans to use JPMorgan’s blockchain-based digital deposit accounts for near-instant U.S. dollar transfers between overseas bases in fiscal 2026, marking the first such adoption by a Japanese company.
Nikkei reported that Mitsubishi Corp plans to launch cross-border transfers through JPMorgan’s blockchain-based digital deposit accounts in fiscal 2026. The system is intended to move U.S. dollar funds almost instantly between overseas offices such as London and New York. The report says Mitsubishi would become the first Japanese company to adopt JPMorgan’s BDA offering, adding a more specific implementation detail to the company’s previously reported use of JPMorgan’s Kinexys blockchain payment technology for global transfers.
- Kinexys: JPMorgan’s blockchain-based payments platform for transferring funds with faster settlement than traditional banking systems.
- blockchain-based digital deposit accounts: Deposit accounts operated on blockchain infrastructure that allow institutional clients to move funds digitally with rapid settlement.
- cross-border transfers: Transfers of money between entities in different countries, often used by multinational firms to move funds among overseas operations.