Question 1

What is Kinexys by J.P. Morgan?

Accepted Answer

Kinexys is J.P. Morgan's blockchain payments unit, formerly called Onyx before a November 2024 rebrand; its Blockchain Deposit Account network tokenizes client cash deposits and settles cross-border payments almost instantly within the regulated banking system, without using any cryptocurrency.

Question 2

Why is Dukhan Bank's launch significant?

Accepted Answer

It makes Dukhan Bank the first Islamic bank in Qatar to adopt the Kinexys network, giving its corporate and institutional clients real-time cross-border payments available 24 hours a day, seven days a week, including weekends and public holidays.

Question 3

How widely is Kinexys used in the Middle East?

Accepted Answer

According to Kinexys executive Akshika Gupta, eight of the region's largest banks already use the Blockchain Deposit Account network, and the platform had processed more than $4 trillion in cumulative transactions across eight currencies as of June 2026.

Dukhan Bank

Dukhan Bank joins J.P. Morgan’s Kinexys network as Qatar’s first Islamic bank

One sharp brief.
Every day.

Dukhan Bank

Dukhan Bank joins J.P. Morgan’s Kinexys network as Qatar’s first Islamic bank

One sharp brief.Every day.

One sharp brief.
Every day.