KB Kookmin Bank taps Kinexys. Why is the partnership significant for blockchain payments?

cryptonews07-27

KB Kookmin Bank has expanded its blockchain strategy by preparing to launch a Kinexys-powered cross-border corporate payment service next month, becoming the first South Korean bank to use J.P. Morgan...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2654090025?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-27 15:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2654090025","market":"sh","top_or_hot":-1,"title":"KB Kookmin Bank taps Kinexys. Why is the partnership significant for blockchain payments?","media":"cryptonews","content":"<div>\n<p>KB Kookmin Bank has expanded its blockchain strategy by preparing to launch a Kinexys-powered cross-border corporate payment service next month, becoming the first South Korean bank to use J.P. Morgan...</p>\n\n<a href=\"https://crypto.news/kb-kookmin-bank-taps-kinexys-why-is-the-partnership-significant-for-blockchain-payments/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KB Kookmin Bank taps Kinexys. Why is the partnership significant for blockchain payments?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKB Kookmin Bank taps Kinexys. Why is the partnership significant for blockchain payments?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-27 15:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/kb-kookmin-bank-taps-kinexys-why-is-the-partnership-significant-for-blockchain-payments/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KB Kookmin Bank has expanded its blockchain strategy by preparing to launch a Kinexys-powered cross-border corporate payment service next month, becoming the first South Korean bank to use J.P. Morgan...</p>\n\n<a href=\"https://crypto.news/kb-kookmin-bank-taps-kinexys-why-is-the-partnership-significant-for-blockchain-payments/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HECO","symbol_name":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","start_time":0,"source_url":"https://crypto.news/kb-kookmin-bank-taps-kinexys-why-is-the-partnership-significant-for-blockchain-payments/","article_id":"2654090025","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/kb-kookmin-bank-taps-kinexys-why-is-the-partnership-significant-for-blockchain-payments/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2654090025","pubTimestamp":1785138376,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"KB Kookmin Bank has expanded its blockchain strategy by preparing to launch a Kinexys-powered cross-border corporate payment service next month, becoming the first South Korean bank to use J.P. Morgan’s blockchain payment network for trade settlements.KB Kookmin Bank plans to launch South Korea’s first Kinexys powered blockchain payment service for corporate trade settlements next month.The service will initially support U.S. dollar cross border transfers across 10 countries through the bank’s Korean and Singapore branches.The launch builds on KB Kookmin Bank’s recent blockchain initiatives, including a $100 million digital bond issuance and a stablecoin payment card project with Avalanche.Kinexys by J.P. Morgan provides programmable payments and near real time settlement for institutional clients using blockchain technology.South Korea’s Yonhap News Agency reported that KB Kookmin Bank plans to introduce the service through a partnership with Kinexys by J.P. Morgan, with the rollout s","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","BKCH":"AdvisorShares Sabretooth ETF","LEGR":"First Trust Indxx Innovative Transaction & Process ETF","XXDC":"Teucrium Leveraged XDC Network ETF","BK4207":"综合性银行","BLCN":"Siren Nasdaq NexGen Economy ETF","STBQ":"Amplify Stablecoin Technology ETF","KB":"韩国国民银行"},"translate_title":"KB Kookmin 银行利用 Kinexys。为什么这种合作关系对区块链支付意义重大？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKCH":1.5,"BLCN":0.69,"STBQ":1.5,"XXDC":1.5,"HECO":1.5,"KB":1.5,"LEGR":1.5},"content_text":"KB Kookmin Bank has expanded its blockchain strategy by preparing to launch a Kinexys-powered cross-border corporate payment service next month, becoming the first South Korean bank to use J.P. Morgan’s blockchain payment network for trade settlements.\n\n\nSummary\n\n\n\nKB Kookmin Bank plans to launch South Korea’s first Kinexys powered blockchain payment service for corporate trade settlements next month.\nThe service will initially support U.S. dollar cross border transfers across 10 countries through the bank’s Korean and Singapore branches.\nThe launch builds on KB Kookmin Bank’s recent blockchain initiatives, including a $100 million digital bond issuance and a stablecoin payment card project with Avalanche.\nKinexys by J.P. Morgan provides programmable payments and near real time settlement for institutional clients using blockchain technology.\n\n\n\nSouth Korea’s Yonhap News Agency reported that KB Kookmin Bank plans to introduce the service through a partnership with Kinexys by J.P. Morgan, with the rollout scheduled for next month. \nAccording to the report, the bank will become the country’s first financial institution to adopt the blockchain payment network for corporate import and export settlements.\nKB Kookmin Bank brings Kinexys to corporate payments\nThe upcoming service will be offered through KB Kookmin Bank’s domestic operations in South Korea as well as its Singapore branch, according to Yonhap. At launch, the bank plans to prioritize U.S. dollar transfers involving 10 countries: South Korea, the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, the United Arab Emirates, Bahrain and South Africa.\nKinexys is J.P. Morgan’s blockchain business that provides programmable payments, asset tokenization and near-real-time settlement for institutional clients. By connecting to the network, corporate customers will be able to process cross-border trade payments through blockchain infrastructure instead of relying entirely on conventional settlement systems.\nThe report did not disclose transaction limits or the categories of businesses that will receive access during the initial phase. It also did not specify whether additional currencies or countries will be added after the first rollout.\nFor KB Kookmin Bank, the planned launch adds another production deployment to a blockchain strategy that has gradually expanded across payments, fundraising and digital financial infrastructure rather than remaining limited to pilot programs.\nEarlier blockchain projects have covered fundraising\nThe latest payment initiative follows another blockchain milestone completed by the bank earlier this year.\nIn June, KB Kookmin Bank completed a $100 million blockchain-based digital bond issuance, becoming the first South Korean bank to raise foreign-currency funding through distributed ledger technology, according to previous local media reports.\nThe two-year U.S. dollar-denominated bond was privately placed in Hong Kong and priced at the Secured Overnight Financing Rate, or SOFR, plus 0.4 percentage points. HSBC served as the sole bookrunner, while the issuance was carried out on Orion, the bank’s digital asset platform.\nAccording to the bank, blockchain technology supported the entire bond lifecycle, including issuance, registration, trading and settlement. The new structure shortened settlement from five business days under conventional processes to three business days. A bank official told local media at the time that the approach simplified operational procedures while reducing settlement default risk.\nThe lender described the transaction as a practical application of blockchain technology for capital raising instead of a proof-of-concept exercise, placing it among the first production-grade blockchain fundraising deals completed by a South Korean commercial bank.\nBlockchain development within KB Financial Group has also extended into consumer payments.\nEarlier this year, KB Kookmin Card announced that it was working with Avalanche and OpenAsset to build a hybrid stablecoin credit card system. According to local outlet JoongAng Economy, cited previously by multiple industry publications, the design allows users to connect a blockchain stablecoin wallet to an existing credit card.\nUnder the patented payment structure, purchases are first deducted from the customer’s stablecoin wallet. If the available balance is insufficient, the remaining amount is automatically charged to the linked credit card while merchants continue receiving settlement through existing payment infrastructure.\nAvalanche is expected to manage the blockchain portion of the system, including stablecoin issuance, wallet transfers and on-chain settlement, while KB Kookmin’s traditional card network continues handling authorization, clearing and merchant payouts.\nAccording to earlier statements from the bank, customers will continue receiving existing card benefits and reward programs despite the addition of blockchain payment functionality.\nSouth Korea’s banking sector has increased blockchain adoption\nThe latest Kinexys partnership also arrives as more South Korean financial institutions experiment with blockchain infrastructure under regulated frameworks.\nGovernment-backed initiatives have already included KB Kookmin Bank among participating institutions. Earlier this year, South Korea’s Ministry of Economy and Finance selected a regulatory sandbox project that will use tokenized bank deposits for public-sector spending, with implementation planned for the fourth quarter of 2026.\nNine banks, including KB Kookmin, Shinhan, Woori and Hana, are participating in that program. According to the ministry, the system will connect the government’s Digital Budget and Accounting System with a distributed ledger network, allowing spending conditions to be programmed in advance while creating an auditable record of public fund usage.\n\n\n\n\n\n                Read more:\n            \n\n                Stripe stablecoin card program lead Connor Fitzgerald steps down","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654090025","isCrawlerRequest":true}