Mitsubishi Corporation has made a significant move by becoming the first Japanese corporate to adopt JPMorgan's blockchain-based payment system, Kinexys Digital Payments. This platform enables Mitsubishi's treasury operations across Singapore, London, and New York to transfer funds between each other in near-real-time, eliminating the need for banking cut-off times or holiday delays.
The system uses Blockchain Deposit Accounts and Programmable Payments, which allow subsidiaries to pre-define conditions for transfers to occur automatically. This results in instant fund allocation across the consolidated group, supporting liquidity management and building resilience during market stress.