SHIFT · APAC
KB Kookmin Bank launches blockchain-based trade finance service via JPMorgan's Kinexys
KB Kookmin Bank will offer import/export corporate payments leveraging JPMorgan's Kinexys platform, which runs on the Blockchain Deposit Account (BDA) network. Marks shift of trade-finance settlement into tokenized rails.
WHY IT MATTERS
Trade finance—historically manual, paper-heavy—migrates to blockchain settlement. Success in South Korea's largest bank signals enterprise adoption readiness; competitors face pressure to join or build equivalent rails.
Source: Finextra · 2026-09-03