JPMorgan signed its first Japanese corporate client, Mitsubishi, to its Kinexys blockchain network, extending the platform’s footprint in Asia and reinforcing its strategy to expand digital asset services.

Since its 2020 launch, Kinexys has processed over $3 trillion and handles roughly $5 billion in daily transactions, with leadership targeting at least $10 billion per day in the foreseeable future.

The JPMD deposit token underpins near-instant payments and settlements at lower cost, enabling on- and offchain fund transfers without intermediaries and appealing particularly to complex cross-border flows.

This Mitsubishi deal underscores growing blockchain adoption among global institutions, following hundreds of Kinexys clients spanning central and commercial banks across five continents.