JPMorgan Expands MENA Blockchain Platform

JPMorgan Expands Kinexys Blockchain Platform into MENA

• JPMorgan’s Kinexys is expanding into the MENA region.
• Eight major banks, including Qatar National Bank and First Abu Dhabi Bank, have joined.
• The platform has processed over $1.5 trillion in transactions to date.
• Kinexys aims for near real-time settlements to enhance liquidity in cross-border payments.
• Features include digital asset tokenization and a dedicated research division.

JPMorgan’s expansion of its Kinexys platform into the MENA region involves partnerships with eight leading banks, including Qatar National Bank, aiming to revolutionize cross-border payments by processing over $1.5 trillion in transactions with advanced blockchain features.