(3 April 2026 – Japan) Mitsubishi plans to leverage JPMorgan’s Blockchain Deposit Account (BDA) tokenized deposit solution to enable instant cross border payments.
Mitsubishi will implement JPMorgan’s BDA service in the 2026 fiscal year for international money movement services. The BDA system uses a virtual ledger to record account balances in real-time, enabling near-instantaneous transfers 24/7 with a single transaction limit of up to US$500 million.
The move positions Mitsubishi as the first Japanese enterprise to utilise the group’s proprietary Kinexys Digital Payments blockchain-powered solution.
Since inception, Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit and part of J.P. Morgan Payments, has processed over $3 trillion in transaction volume, with average daily transactions exceeding $5 billion.
Mitsubishi Corporate is also commencing testing of JPY stablecoin cross-border remittance capability developed in collaboration with major Japanese banks including MUFG.
“Our liquidity management is a core source of credit strength. As we are developing and operating businesses globally across a wide array of industries, it is essential that funds raised in the market and cash generated across our operations can be allocated efficiently throughout our consolidated group. As we pursue stable and sustainable growth through investment, trading, and other business activities, we believe our liquidity management should also continue to evolve. Instant and programmable payments can support it, while also getting our resilience strong in times of market stress. We expect this initiative represents an important step in elevating our liquidity management framework” commented Mitsubishi Treasurer, Kazuyoshi Kawakami.
“We value client service and are committed to offering the solutions that meet our clients’ needs by enabling Japanese corporations to utilize global, innovative products, such as Kinexys Digital Payments. We look forward to continuing to grow together with our clients such as Mitsubishi Corporation as partners for their payment innovation journeys” stated JPMorgan Head of Payments, Japan, Kenichi Igarashi.