Mitsubishi adopts JPMorgan blockchain for corporate payments The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more JPMorgan’s Kinexys network is gaining traction among corporations as blockchain-based payment rails scale toward $10 billion in daily transaction volume.Mitsubishi Corporation plans to use a blockchain-based payment system developed by JPMorgan Chase to move funds across its global operations, signaling continued adoption of blockchain infrastructure within traditional finance. JPMorgan is seeking to scale the platform to $10 billion in daily transactions from the current average of $7 billion. Kinexys has processed more than $3 trillion in cumulative volume since launching in 2020, highlighting growing institutional demand for blockchain-based settlement systems. The adoption is notable given Mitsubishi’s scale as one of Japan’s largest trading and industrial companies, with extensive global operations spanning energy, manufacturing and logistics. Last year, the company produced more than 883,000 vehicles., one of the region’s largest lenders, which announced in September that it would use the platform to process corporate payments. At the time, QNB executive Kamel Moris said Kinexys can “guarantee payments as fast as two minutes.”toward cryptocurrencies, JPMorgan has steadily expanded its blockchain infrastructure — a push underscored by Mitsubishi’s adoption of its Kinexys network., Kinexys Fund Flow, aimed at asset classes such as private credit and real estate, with rollout expected this year. , while Franklin Templeton operates a blockchain-based money market fund. Meanwhile, German industrial giant Siemens has issued digital bonds on blockchain rails, signaling growing institutional interest in tokenization. Industry players are increasingly positioning for tokenization in the United States, as improving regulatory clarity and infrastructure development are reshaping market structure. As, both Nasdaq and the New York Stock Exchange have moved to incorporate tokenization into alternative trading systems, signaling a shift toward blockchain-based settlement rails.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy