(3 September 2025 – Asia) Ant International has successfully completed one of the first almost real-time USD to EUR FX on chain cross-border payments in Asia through JPMorgan’s Kinexys Digital Payments platform.
Ant International has integrated Kinexys Digital Payments into its blockchain-based treasury management platform, Whale, to further enhance the efficiency and reliability of multi-currency cross-border payments and liquidity management for its fast-growing funds flow.
The solution provides businesses with uninterrupted access to liquidity across selected global currencies including USD, EUR and GBP, enabling them to conduct transactions outside of designated market hours and beyond the limitations of traditional market cutoff times.
“By overcoming limited settlement windows and currencies, on chain 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” commented Ant International GM of Platform Tech, Kelvin Li.
“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 on chain FX” stated JPMorgan Kinexys Global Head of Client Solutions, Akshika Gupta.
Ant International recently launched a pilot FX hedging program using artificial intelligence (AI) with Citi to help clients improve their currency risk management capability while Barclays has also partnered with Ant International to deploy the firm’s proprietary AI FX model.