KB Kookmin to Pilot Kinexys for Cross-Border Corporate Payments

South Korea's largest bank becomes the first local institution to adopt Kinexys, enabling programmable settlement across Asian, Middle Eastern, African, and American markets.

Woofun AI reports that KB Kookmin is initiating a rollout of Kinexys for corporate trade payments, marking the first adoption of this platform by a Korean financial institution. The partnership with J.P. Morgan focuses on faster, programmable settlement within a bank-led operating model, connecting Asian, Middle Eastern, African, and American markets through a unified framework.

This move occurs as South Korea’s payments sector simultaneously tests multiple blockchain routes, ranging from institutional settlements and stablecoin models to dedicated networks.