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Mitsubishi Corporation Connects to JPMorgan Chase's Kinexys Blockchain Platform for Worldwide settlements
 
Mitsubishi интегрирует блокчейн JPMorgan. Узнай с MrMoney

The Japanese conglomerate Mitsubishi Corporation, which is one of the leading players in the field of trade and investment, announced its decision to integrate the Kinexys blockchain system developed by JPMorgan Chase. This innovation is designed to optimize the management of international financial flows within the company's global network. Considering that Mitsubishi is active in sectors such as energy, industrial equipment and logistics, where high speed and efficiency of calculations are crucial, the introduction of Kinexys looks like a logical step.

The Kinexys platform, originally known as Onyx, has been operating since 2020. It uses distributed ledger technology, which significantly speeds up transactions, making them almost instantaneous and independent of standard banking business hours. The daily turnover of Kinexys has already reached about $7 billion every day, and the total volume of transactions processed since launch has exceeded $3 trillion. JPMorgan Chase aims to increase this figure to $10 billion per day.

For Mitsubishi Corporation, switching to Kinexys means abandoning traditional interbank transfers, which often take hours and sometimes days, in favor of settlements that are completed within a few minutes. This is especially valuable for a company with an extensive network of subsidiaries and partners around the world. The main benefits are seen to be a reduction in time costs and increased predictability of cash flow.

Mitsubishi is not the first major player to join Kinexys; Qatar National Bank started using the platform earlier. JPMorgan Chase positions Kinexys as a tool for corporate clients, complementing rather than replacing existing banking services. Interestingly, despite its cautious attitude towards public cryptocurrencies, JPMorgan Chase is actively investing in the development of its own blockchain solutions.

In addition to payment functions, Kinexys is used to tokenize various assets, covering areas from private lending to the issuance of digital bonds. Thus, the platform is evolving from simple transfers to more complex financial instruments, while remaining within the legal framework and regulatory requirements.

Large corporations are implementing blockchain not for the sake of a trend, but for the sake of real advantages in speed and predictability of operations. For JPMorgan Chase, the arrival of a new major customer such as Mitsubishi enhances the attractiveness of the platform. In the near future, we can expect further expansion of such integrations, especially among international companies with a complex organizational structure.

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