KB Kookmin bank introduces 24/7 blockchain payments for continuous transfer

Blockchain payment is set to become part of KB Kookmin Bank’s cross-border services as South Korea’s largest lender prepares to launch a new blockchain-based payment network for corporate import and export customers in August 2026.

The rollout will make KB Kookmin the first financial institution in the country to use J.P. Morgan’s Kinexys platform for commercial payment services. The system will initially support U.S. dollar transactions across 10 countries while connecting blockchain settlement with existing SWIFT payment infrastructure.

Blockchain payment links Kinexys with existing banking rails

KB Kookmin announced the service on July 26, following the signing of a blockchain remittance agreement with J.P. Morgan. The first phase will focus on U.S. dollar payments involving South Korea, the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, the United Arab Emirates, Bahrain, and South Africa.

However, the bank has not disclosed customer fees, transaction limits, or the exact launch date in August. Instead, it confirmed that the platform will support businesses involved in overseas trade, supplier payments, and foreign exchange settlement.

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