Mitsubishi Adopts JPMorgan’s Kinexys Blockchain for Corporate Payments

Mitsubishi Corporation has officially integrated JPMorgan’s Kinexys network to facilitate its corporate payment operations. The partnership aims to modernize payment rails and enhance the efficiency of cross-border transactions through blockchain-based infrastructure. Kinexys, formerly known as Onyx, is reportedly scaling toward a daily transaction volume of approximately $10 billion. This move highlights a significant milestone in institutional blockchain adoption for treasury management and global liquidity. By leveraging private blockchain solutions, Mitsubishi seeks to streamline complex financial workflows and reduce settlement times. The expansion of JPMorgan’s network also signals intensifying competition for public ledgers like Ripple (XRP) in the institutional payment sector. Overall, this adoption validates the growing utility of private blockchain networks for major global enterprises.