Ant International Completes Real-Time FX Blockchain Settlement In Asia With J.P. Morgan’s Kinexys
Breaking Traditional Barriers
Kinexys Digital Payments provides businesses with continuous access to liquidity in major currencies including USD, EUR, and GBP. By removing reliance on traditional market cutoff times, the system allows transactions to occur outside designated hours, overcoming one of the most persistent limitations in global FX settlement.
Ant International has embedded Kinexys into Whale, its blockchain-based treasury management platform, to improve the efficiency and reliability of multi-currency payments and liquidity management across its rapidly growing cross-border flows.
“By overcoming limited settlement windows and currencies, onchain FX settlement is revolutionizing cross-border payments to achieve new economic efficiencies, especially for complex markets in Asia. With this milestone, we aim to enable more secure, reliable and transparent real-time cross-border payments solutions for businesses of all sizes across travel, trade and commerce sectors in this region and beyond,” said Kelvin Li, General Manager of Platform Tech at Ant International.
Deepening Collaboration with J.P. Morgan
Ant International has been working with J.P. Morgan since 2021, leveraging the firm’s global FX solutions to facilitate real-time settlement across multiple markets. In 2024 alone, J.P. Morgan processed billions of dollars in transactions for Ant International using Kinexys, underscoring the platform’s scalability and institutional-grade liquidity pool.
“Our solution offers near real-time settlement, supported by one of the largest liquidity pools in the market. This positions Ant International for further growth, driven by the innovative Kinexys Digital Payments network and J.P. Morgan’s extensive FX market coverage,” said Terry Harcott, Global Head of FX Services Payments Product at J.P. Morgan.
Empowering Global Treasury Operations
The integration of Kinexys into Whale enables Ant International to streamline treasury operations for businesses operating in sectors such as e-commerce, travel, and trade. The near-instant nature of the solution reduces settlement risk, enhances transparency, and supports better capital efficiency for clients with high-volume international transactions.
“This collaboration bridges fintech agility with institutional stability and empowers global businesses to move capital quickly, seamlessly and securely. We’re pleased to help Ant International unlock truly 24/7 onchain FX,” said Akshika Gupta, Global Head of Client Solutions at Kinexys by J.P. Morgan.
Market Context
The milestone comes as demand for blockchain-powered treasury and FX solutions accelerates. Cross-border trade flows in Asia are increasingly complex, with businesses requiring 24/7 liquidity access and seamless settlement to manage global operations. Solutions such as Kinexys address longstanding pain points including cutoff windows, fragmented banking systems, and slow settlement cycles.
Ant International’s integration also reflects the convergence of fintech innovation with institutional-grade infrastructure, demonstrating how blockchain-based platforms are being adopted at scale by enterprises handling billions in daily transactions.
Ant International’s onchain FX settlement with J.P. Morgan’s Kinexys sets a new benchmark for cross-border payments in Asia—delivering secure, near-instant liquidity across time zones and transforming treasury management for global businesses.
