South Korea’s NH NongHyup Bank has completed a pilot of blockchain-based cross-border payments using Partior’s blockchain platform. In the pilot, J.P. Morgan acted as both the beneficiary and settlement bank. Partior’s blockchain solutions, already in commercial use by banks including J.P. Morgan, DBS, Standard Chartered, and Deutsche Bank, are designed to integrate with core banking [...] The post NongHyup Bank Pilots Blockchain Cross-Border Payments appeared first on Fintech Hong Kong.South Korea’s NH NongHyup Bank has completed a pilot of blockchain-based cross-border payments using Partior’s blockchain platform. In the pilot, J.P. Morgan acted as both the beneficiary and settlement bank. Partior’s blockchain solutions, already in commercial use by banks including J.P. Morgan, DBS, Standard Chartered, and Deutsche Bank, are designed to integrate with core banking [...] The post NongHyup Bank Pilots Blockchain Cross-Border Payments appeared first on Fintech Hong Kong.

NongHyup Bank Pilots Blockchain Cross-Border Payments

South Korea’s NH NongHyup Bank has completed a pilot of blockchain-based cross-border payments using Partior’s blockchain platform.

In the pilot, J.P. Morgan acted as both the beneficiary and settlement bank.

Partior’s blockchain solutions, already in commercial use by banks including J.P. Morgan, DBS, Standard Chartered, and Deutsche Bank, are designed to integrate with core banking systems, providing continuous, real-time settlement capabilities.

This pilot represents the first instance in Korea where a financial institution has tested a blockchain payment network already used commercially by leading global banks.

NH NongHyup Bank carried out transactions reflecting realistic cross-border payment and foreign currency liquidity management scenarios for the Korean market.

The exercise validated technical capabilities such as system interoperability, message processing accuracy, and real-time settlement functionality.

The pilot used simulated data, with no actual fund transfers or customer information involved.

The results indicate that blockchain-based payments could be implemented within Korea’s current regulatory framework.

Partior’s live network has demonstrated operational capability across USD, EUR, and SGD in the US, Europe, Asia, and the Middle East.

NH NongHyup Bank also noted that, with future stablecoin regulations in Korea, the network could potentially support a broader range of digital settlement instruments, highlighting its technical scalability.

A representative from NH NongHyup Bank said,

Humphrey Valenbreder, Chief Executive Officer of Partior, added,

Humphrey ValenbrederHumphrey Valenbreder

Following the pilot, NH NongHyup Bank plans to advance discussions toward production-level deployment and strengthen collaboration with global financial institutions to develop a Korea-led blockchain-based cross-border payment infrastructure.

Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik

The post NongHyup Bank Pilots Blockchain Cross-Border Payments appeared first on Fintech Hong Kong.

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.0364
$0.0364$0.0364
-2.38%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Kalshi Jumps to 62% Market Share While Polymarket Eyes $10B Valuation

Kalshi Jumps to 62% Market Share While Polymarket Eyes $10B Valuation

The post Kalshi Jumps to 62% Market Share While Polymarket Eyes $10B Valuation appeared on BitcoinEthereumNews.com. Fintech 19 September 2025 | 16:03 Event-based trading platforms are no longer niche experiments – they’re emerging as a major arena where finance, crypto, and information converge. After months of subdued activity, volumes are climbing again, and U.S.-regulated Kalshi has unexpectedly taken the lead. Betting on Everything From Rates to Sports Analysts at Bernstein describe prediction markets as a new “interface for information,” where users speculate not only on sports results but also on Federal Reserve decisions, quarterly earnings, and even crypto price moves. This year alone, more than $200 million changed hands on Polymarket contracts linked to the Fed’s recent 25 bps rate cut, while $85 million traded on Kalshi around the same decision. Mainstream brokers like Coinbase and Robinhood are watching closely, with ambitions to capture some of the momentum. With U.S. sports betting already worth tens of billions annually, the overlap is too big to ignore. Against that backdrop, Kalshi has delivered one of its strongest months since the 2024 elections. The platform reports $1.3 billion in trading volume so far in September, accounting for 62% of global prediction market activity. Just a year ago, Kalshi’s share stood at 3%. CEO Tarek Mansour called the growth “remarkable,” noting that the exchange still serves only U.S. clients. Polymarket’s Pushback Its main rival, Polymarket, has logged about $773 million in trades this month. While that trails Kalshi for now, Polymarket has unique advantages: as a crypto-native platform, it has carved out strong global demand and is working toward a formal U.S. relaunch via its acquisition of derivatives exchange QCEX. The two platforms now stand as the clear leaders of the sector, though they embody different philosophies — one regulated from the ground up, the other built around decentralization. Investors Take Notice The boom hasn’t escaped venture capital. Reports suggest…
Share
BitcoinEthereumNews2025/09/19 21:34
Visa Expands USDC Stablecoin Settlement For US Banks

Visa Expands USDC Stablecoin Settlement For US Banks

The post Visa Expands USDC Stablecoin Settlement For US Banks appeared on BitcoinEthereumNews.com. Visa Expands USDC Stablecoin Settlement For US Banks
Share
BitcoinEthereumNews2025/12/17 15:23
Bitcoin Lightning Network Capacity Surges to Historic Peak as Exchange Adoption Accelerates

Bitcoin Lightning Network Capacity Surges to Historic Peak as Exchange Adoption Accelerates

The Bitcoin Lightning Network has reached an all-time high in total network capacity, marking a significant milestone for the layer-2 scaling solution designed to enable fast and inexpensive Bitcoin transactions. The surge comes as major cryptocurrency exchanges increasingly integrate Lightning functionality, bringing the technology to millions of users who previously relied solely on slower, more expensive on-chain transactions. This capacity expansion reflects growing confidence in Lightning's reliability and utility after years of development and real-world testing. What began as an experimental protocol discussed primarily among technical enthusiasts has matured into infrastructure that some of the industry's largest platforms now consider essential to their operations.
Share
MEXC NEWS2025/12/17 17:14