Japanese trading giant Mitsubishi Corp will begin using JPMorgan's blockchain-based payment infrastructure to enable near-instant global fund transfers. It will be the first Japanese company to adopt the service, Nikkei Asia reported.
Mitsubishi to Use JPMorgan Blockchain for Real-Time Global Transfers: Nikkei Asia
31 March 2026 - 13:49 CEST
By Sandmark staff
The Japanese trading house has completed test transfers using JPMorgan’s Blockchain Deposit Account (BDA) and plans full rollout as early as fiscal 2026. BDA allows 24/7 transfers between global subsidiaries by updating account balances on blockchain ledgers, cutting settlement times from hours to near real-time.
Unlike stablecoin-based systems, BDA does not issue tokenized deposits. Mitsubishi is separately testing yen-denominated stablecoins developed by MUFG Bank and other Japanese banks.
The system is expected to improve capital efficiency by enabling dynamic allocation of funds across markets, with individual transactions of up to around $500mn, according to the report.
JPMorgan is expanding its Kinexys Digital Payments platform globally, with Mitsubishi serving as an early entry point into Japan.
