Qatar National Bank Goes Live on JPMorgan’s Kinexys for Near-Instant USD Corporate Payments
The move gives QNB round-the-clock dollar settlement in as little as two minutes within a growing MENA bank network.
Overview
- QNB said it is the first bank in Qatar to process U.S. dollar corporate payments on-chain via JPMorgan’s Kinexys.
- Executive Kamel Moris told Bloomberg the service runs 24/7 with settlements “as fast as two minutes.”
- Kinexys enables programmable payments and blockchain deposit accounts that automate transfers and streamline treasury operations.
- The network now includes eight major MENA institutions, such as First Abu Dhabi Bank, Saudi National Bank, Emirates NBD, Commercial Bank of Dubai, and Bank ABC.
- Reported Kinexys volumes reach the low billions of dollars per day, while QNB also advances tokenization with its DIFC‑approved QCD Money Market fund.