Woofun AI reports that JPMorgan’s Kinexys platform has incorporated five Asia-Pacific currencies into its blockchain-based payment infrastructure. The newly added assets include the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan, and Singapore dollar, bringing the total number of supported currencies to eight alongside the U.S. dollar, euro, and British pound.

Kinexys utilizes tokenized deposits to enable real-time payments and foreign exchange transactions for institutional clients. This expansion targets streamlined settlement processes for corporate and financial entities in the Asia-Pacific region by reducing settlement times, lowering transaction costs, and removing the requirement for intermediary correspondent banks.