Mitsubishi Corporation of Japan will implement Kinexys, a blockchain-based payment system developed by JPMorgan Chase, to facilitate its global fund transfers. This move aims to enable near-instantaneous transactions, reduce dependency on traditional banking systems, and offer round-the-clock service. JPMorgan Chase is targeting an increase in Kinexys' daily transaction volume from $7 billion to $10 billion, with the platform's cumulative transaction volume surpassing $3 trillion since its 2020 launch.