Overview

• Qatar National Bank is processing corporate U.S. dollar payments on JPMorgan’s permissioned blockchain, enabling near‑real‑time settlement for clients.
• QNB says the service operates around the clock and can guarantee completion in as little as two minutes, a marked shift from multi‑day transfers on legacy rails.
• JPMorgan says the QNB deployment went live in March 2025, with coverage on Sept. 29 identifying it as the first rollout by a Qatari bank.
• Kinexys supports programmable payments and blockchain‑based deposit accounts, which automate compliance steps and streamline treasury operations.
• QNB joins a MENA network of eight banks using Kinexys, which processes roughly $2–3 billion daily, dovetailing with QNB’s tokenization efforts including a DIFC‑approved money market fund.