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KB Kookmin Bank, South Korea's largest lender, plans to launch a blockchain-based cross-border corporate payments service on JPMorgan's Kinexys network next month, Yonhap reported.
The bank disclosed no volume projections, target corridors, or fee structures alongside the announcement.
Kinexys as the settlement layer JPMorgan's Kinexys is the payment network on which KB Kookmin Bank will run the service, according to Yonhap.
The bank named no correspondent banking partners and no expected client counts. No regulatory filings or executive statements accompanied the Yonhap report.
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