Qatar National Bank (QNB) based out of Qatar, has integrated JPMorgan’s Kinexys blockchain platform to handle US dollar corporate payments. The Kinexys Digital Payments platform provides QNB’s corporate clients with real-time, 24/7 settlement of USD transactions.
JP Morgan made the announcement back in May 2025, noting that Kinexys by J.P. Morgan, the firm’s blockchain business unit, recently won mandates from Qatar National Bank and Saudi National Bank, solidifying their position as a leading global blockchain infrastructure provider for banks, with 8 of the largest financial institutions in the Middle East and North Africa (MENA)1. such as Qatar National Bank, First Abu Dhabi Bank, Saudi National Bank, Emirates NBD, Commercial Bank of Dubai, and Bank ABC all now live on the platform.
The system uses blockchain deposit accounts and programmable payments. This allows treasury teams to execute instant, automated transfers and efficiently manage liquidity across borders. Settlement times have been slashed to as little as two minutes according to QNB officials, shifting the paradigm for multinational business payments.
Kamel Moris, Executive Vice President, Global Transaction Banking, Qatar National Bank said, “At QNB, our alliance with Kinexys by J.P. Morgan marks a bold step forward in delivering on our client-first promise. This relationship reinforces our commitment to innovation, seamless connectivity, and global financial leadership. By integrating next-generation infrastructure, we’re shaping the future of treasury with purpose and precision. Together, we advance a new era of client-centric excellence—intelligent, agile, and forward-looking.”
JPMorgan’s Kinexys platform, which evolved from previous blockchain technologies like Quorum and Interbank Information Network, has reached 8 of the largest financial institutions in the MENA region. It amassed more than $1.5 trillion in transaction volume since launch. Additionally, with daily transaction averages now topping $2 billion globally. For QNB, the new infrastructure delivers enhanced operational agility, improved client experience in USD settlements, and further strengthens the bank’s leadership in digital treasury management.
“We are driven by a relentless focus on building next-generation financial infrastructure backed by deep industry expertise,” says Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan. “The increasingly digital global economy in the Middle East and North Africa presents a unique opportunity to continue supporting clients through our innovative offerings. We are excited to work with our clients across MENA to realize the future of finance.”
Earlier this month, Qatar National Bank Group, Standard Chartered and DMZ Finance, an RWA tokenization infrastructure provider, launched he Dubai International Financial Centre’s (DIFC) first regulated tokenized money market fund, the QCD Money Market Fund (units in QCDT). In July QNB had announced that the fund had been licensed.
