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Kinexys by J.P. Morgan expands Blockchain Deposit Accounts
30 June 2026 APAC
Image: MOZCO_Mat_Szymański/stock.adobe.com
Kinexys by J.P. Morgan, the firm’s blockchain business unit, has expanded its global Blockchain Deposit Account (BDA) network through the addition of five APAC currencies.
The BDA will support Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar-denominated accounts.
Financial institutions and multinational corporations will be able to move money and execute onchain FX between the aforementioned currencies and existing US dollar, euro, and pound sterling rails, according to the firm.
Institutional clients can also leverage programmable payments across the currency pairs to automate treasury and liquidity management.
Payoneer, a fintech company, is one of the first clients to use the AUD-denominated BDA, with JERA Global Markets, a utility-backed energy trader, the first to use the JPY-denominated account network.
Derek Green, global head of treasury and payment services at Payoneer, says: “Leveraging Kinexys’ Blockchain Deposit Accounts helps streamline internal treasury funding flows and improve the speed and efficiency of moving liquidity across markets.”
Siang-Chee Chew, senior vice president of finance and treasury at JERA Global Markets, adds: “This initiative supports our focus on operational agility, liquidity optimisation, and seamless capital mobility across our global trading platform.”
Kinexys says its growing client activity is indicative of an increasing demand for scalable, multi-currency blockchain-based payments infrastructure across multiple use cases.
Commenting on the network expansion, Zack Chestnut, global head of commercial at Kinexys by J.P. Morgan, says: “We’re building the blockchain infrastructure businesses need to modernise treasury for today’s always-on, dynamic global market.
“Adding five new Asia Pacific currencies to the Kinexys Blockchain Deposit Account network underscores our commitment to that mission.”
The BDA will support Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar-denominated accounts.
Financial institutions and multinational corporations will be able to move money and execute onchain FX between the aforementioned currencies and existing US dollar, euro, and pound sterling rails, according to the firm.
Institutional clients can also leverage programmable payments across the currency pairs to automate treasury and liquidity management.
Payoneer, a fintech company, is one of the first clients to use the AUD-denominated BDA, with JERA Global Markets, a utility-backed energy trader, the first to use the JPY-denominated account network.
Derek Green, global head of treasury and payment services at Payoneer, says: “Leveraging Kinexys’ Blockchain Deposit Accounts helps streamline internal treasury funding flows and improve the speed and efficiency of moving liquidity across markets.”
Siang-Chee Chew, senior vice president of finance and treasury at JERA Global Markets, adds: “This initiative supports our focus on operational agility, liquidity optimisation, and seamless capital mobility across our global trading platform.”
Kinexys says its growing client activity is indicative of an increasing demand for scalable, multi-currency blockchain-based payments infrastructure across multiple use cases.
Commenting on the network expansion, Zack Chestnut, global head of commercial at Kinexys by J.P. Morgan, says: “We’re building the blockchain infrastructure businesses need to modernise treasury for today’s always-on, dynamic global market.
“Adding five new Asia Pacific currencies to the Kinexys Blockchain Deposit Account network underscores our commitment to that mission.”
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