Trusted independent reportCross-border relevantPublication date verified
J.P. Morgan
KB Kookmin Bank leverages Kinexys by J.P. Morgan for import/export payments
WHAT HAPPENED
J.P. Morgan says KB Kookmin Bank plans to launch an import/export corporate payment service using the Kinexys Blockchain Deposit Account network, becoming the first Korean financial institution to use the network for that purpose. The planned service will be available through the bank's Korean branches and Singapore branch, initially support U.S.-dollar remittances, and cover ten named countries across Asia, the Middle East, Africa and the United States.
PUBLISHED September 2, 2026SOURCE J.P. MorganLANE Payment infrastructure
KEY FIGURES
10
Countries named for the planned remittance service
More than USD 4 trillion
Kinexys cumulative network value stated by J.P. Morgan
USD 7 billion
Kinexys average daily network value stated by J.P. Morgan
WHAT TO WATCH NEXT
Watch whether follow-up sources disclose availability by market, pricing, first customers, supported rails, and usage.
This is J.P. Morgan's primary company announcement. It supports the participants, intended countries, initial USD scope and planned service stage; network scale and expected speed are company statements, and no KB Kookmin adoption or performance result is yet available.
The page already presents the summary and analysis. This section keeps only the copy, download, and technical source record without repeating the same reading view.
View technical text
# KB Kookmin Bank leverages Kinexys by J.P. Morgan for import/export payments
> Evidence tier: B1
> Evidence type: J.P. Morgan company announcement discovered through Glenbrook Payments News
> Source: [J.P. Morgan](https://www.jpmorgan.com/payments/newsroom/kb-kookmin-bank-kinexys-bda)
> Published: 2026-09-02
> Captured: 2026-09-03T13:08:37.699Z
## Source summary
J.P. Morgan says KB Kookmin Bank plans to launch an import/export corporate payment service using the Kinexys Blockchain Deposit Account network, becoming the first Korean financial institution to use the network for that purpose. The planned service will be available through the bank's Korean branches and Singapore branch, initially support U.S.-dollar remittances, and cover ten named countries across Asia, the Middle East, Africa and the United States.
## Why it matters
The announcement identifies a concrete bank distribution channel and corridor set for blockchain-based cross-border settlement, but it repeatedly describes the customer service as forthcoming rather than already live. Kinexys says its wider network supports 24/7 near-real-time settlement and has processed more than USD 4 trillion cumulatively at about USD 7 billion per day; those are network-wide company figures, not KB Kookmin volumes or measured results. No launch date, client adoption, pricing, FX terms, service-level result or independent performance evidence is disclosed.
## Key numbers
- **Countries named for the planned remittance service:** 10
- **Kinexys cumulative network value stated by J.P. Morgan:** More than USD 4 trillion
- **Kinexys average daily network value stated by J.P. Morgan:** USD 7 billion
## Topics and entities
- Industry lane: Payment infrastructure
- Entities: KB Kookmin Bank / Kinexys by J.P. Morgan
- Payment infrastructure
- Cross-border payments
- Web3 payments
## Evidence and credibility note
This is J.P. Morgan's primary company announcement. It supports the participants, intended countries, initial USD scope and planned service stage; network scale and expected speed are company statements, and no KB Kookmin adoption or performance result is yet available.
Date evidence: J.P. Morgan's canonical announcement displays September 2, 2026; no more precise publication time is supplied
## First-party corroboration
No directly corresponding A1 company announcement is currently linked.
## Original-source traceback
[Open the original J.P. Morgan report](https://www.jpmorgan.com/payments/newsroom/kb-kookmin-bank-kinexys-bda)
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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.
J.P. Morgan