JPMorgan's blockchain business, Kinexys (formerly Onyx), has expanded its presence in the Middle East and North Africa region, partnering with eight of the region's leading banks in a development that marks a broader shift towards blockchain integration in banking infrastructure.
JPMorgan said on Thursday that six of the eight banks were Qatar National Bank, Saudi National Bank, Abu Dhabi First Bank, Emirates National Bank, Dubai Commercial Bank and ABC Bank. A JPMorgan spokesperson did not name the remaining two banks, which are using Kinexys to enhance cross-border transfers, treasury functions and transaction efficiency.
JPMorgan's blockchain division expands to the Middle East and North Africa region
2025-05-01 11:23:32
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