Qatar National Bank Integrates JPMorgan Blockchain for Payments

Qatar National Bank (QNB Group) has implemented JPMorgan Chase's Kinexys blockchain platform in its Doha branch to process USD corporate payments around the clock, as announced on September 29th.

This marks a significant move towards modernizing cross-border payments, facilitating rapid settlements, and enhancing QNB's competitive positioning in the financial services landscape.

Blockchain Integration Transforming Financial Services in Qatar

Did you know? Only a handful of banks in the region have undertaken similar blockchain integrations, making this a notable expansion of blockchain in the Middle East.

The J.P. Morgan Deposit Token, under the symbol JPMD, reported a current price of $0.00 with no market cap or circulating supply as of the last update on September 29, 2025. Data from CoinMarketCap shows no 24‑hour trading volume or price movement, indicating its current permissioned use in institutional settings.

According to analysis from the Coincu research team, enhancements in payment processing through blockchain integration could transform transaction efficiency, regulatory alignment, and financial connectivity in the region. This advancement represents a quantum leap in cross‑border transaction processing. For more insights, you can explore Exploring Blockchain Growth in MENA Region.