Episode Details

Mitsubishi Corporation, a major Japanese trading firm, adopts JPMorgans blockchain payment system, Kinexys, for global operations, signaling traditional finances growing interest in blockchain technology for faster, 24/7 transfers. Kinexys, already handling seven billion dollars daily, has processed over three trillion dollars since its 2020 launch, with plans to scale up to ten billion. Mitsubishi, spanning energy, manufacturing, and logistics, joins other heavyweights like Qatar National Bank, praising Kinexys swift payments. JPMorgan, despite CEOs crypto skepticism, is tokenizing assets like private credit and real estate under Kinexys, targeting a six-billion-dollar market. This shift, along with BlackRocks fund tokenization and Nasdaqs blockchain settlement preparations, could revolutionize global money movement by seamlessly blending old finance with new rails.

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