QNB Adopts JPMorgan's Blockchain for Instant USD Settlements
Qatar National Bank (QNB) has made a significant move in global finance by adopting JPMorgan Chase's Kinexys Digital Payments platform for corporate US dollar transactions within Qatar. This shift, implemented in March 2025, is part of a broader trend recognising blockchain's potential for secure, transparent, and efficient cross-border settlements.
QNB's decision to integrate blockchain infrastructure boosts confidence in digital assets like Bitcoin and Ethereum. The Kinexys platform, currently processing over $3 billion in transactions daily, promises near-instant settlements, reducing wait times from multiple days to just minutes. This move allows companies to finalise transfers in as little as two minutes, marking a departure from conventional systems.
The adoption of blockchain-powered payment systems is gradually moving from experimental pilots to mainstream banking infrastructure. QNB's decision demonstrates the scalability and growth trajectory of the Kinexys platform, redefining how capital flows across borders.
QNB's implementation of JPMorgan's Kinexys platform aims to significantly reduce settlement times for corporate clients, enabling round-the-clock payment services. This adoption is part of a global trend recognising blockchain's capacity to deliver security, transparency, and efficiency in cross-border settlement.
