Banks scale blockchain payments
JPMorgan’s Connexus network is scaling toward about $10B in daily transactions—evidence of big‑bank uptake of ledgered settlement—and SWIFT is advancing a shared‑ledger model to enable 24/7 cross‑border payments ( ). That combination points to incumbents both competing and integrating with blockchain rails for faster settlement and lower friction in global flows (youtube.com).
Mitsubishi Corporation on March 31, 2026 became the first Japanese corporate to adopt Kinexys Digital Payments for intragroup USD cash management across Singapore, London and New York, J.P. Morgan said. (jpmorgan.com) J.P. Morgan rebranded its Onyx unit to Kinexys on November 6, 2024 and at that time reported the platform had processed more than $1.5 trillion in notional value and was averaging over $2 billion in daily transactions. (jpmorgan.com) Multiple outlets reporting in late March 2026 cite updated platform metrics that put Kinexys’ cumulative processed volume above $3 trillion and daily activity in the mid-single‑digit billions, reflecting rapid client onboarding since 2024. (cointelegraph.com) JPMorgan’s announcement says Mitsubishi will use Blockchain Deposit Accounts and Programmable Payments on Kinexys to run pre‑programmed, always‑on intragroup transfers meant to cut cut‑off‑time frictions and automate treasury moves. (jpmorgan.com) SWIFT unveiled plans at Sibos on September 29, 2025 to add a blockchain‑based shared ledger to its infrastructure and engaged ConsenSys to build a conceptual prototype with more than 30 participating financial institutions. (businesswire.com) SWIFT has moved that design work into live testing and said it aims to run a minimum viable product for tokenized deposit payments during 2026, expanding the original design group to more than 40 institutions for MVP work. (paymentexpert.com) The SWIFT consortium naming contributors includes major banks such as JPMorgan Chase, Bank of America, HSBC, BNP Paribas, Deutsche Bank and TD, each feeding requirements into the shared‑ledger prototype. (gfmag.com)
