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JPMorgan Chase's blockchain account adds 5 Asia-Pacific currencies including the Japanese yen, with cumulative transaction volume exceeding $4 trillion.
Deep Tide TechFlow News, June 30, according to CoinPost, JPMorgan's blockchain business unit Kinexys announced on June 29 that it has added five currencies - Australian Dollar (AUD), Hong Kong Dollar (HKD), Japanese Yen (JPY), Chinese Yuan (RMB) and Singapore Dollar (SGD) - to its blockchain deposit account (BDA) network. Together with the existing Euro, British Pound, and US Dollar, it now supports a total of 8 currencies, making it the platform with the most supported currencies in the field of global blockchain settlement and on-chain foreign exchange.
BDA runs on JPMorgan's private blockchain, supporting 24/7 settlement and programmable payment functions. Japanese energy giant JERA Global Markets became the first enterprise to adopt the Yen BDA, used to optimize internal fund flow management and liquidity allocation. Currently, Kinexys has processed a cumulative transaction volume of over $4 trillion, with an average daily transaction volume of over $7 billion.