Mitsubishi Corporation plans to launch full-scale global fund transfers using JPMorgan Chase’s Blockchain Deposit Account (BDA) technology by fiscal 2026, Japan’s Nikkei reported. The Tokyo-based trading house recently completed successful test transfers, joining multinational peers like Siemens and FedEx in adopting the platform.
The BDA system enables 24/7 instant dollar-denominated transfers between Mitsubishi’s global subsidiaries, such as those in Singapore and New York. This transition optimizes capital efficiency by managing transactions up to $500 million and allowing for automated, programmable liquidity management.
🧭 FAQs
• Which Japanese company is adopting the JPMorgan blockchain service? Mitsubishi Corporation is the first local firm to integrate this specific blockchain technology.
• When will the new transfer service begin full operations? The trading house expects to start full utilization of the service in fiscal 2026.
• What is the maximum transaction value Mitsubishi is considering? The company is evaluating individual transfers of up to $500 million per transaction.
• How does BDA improve regional capital efficiency for multinationals? It provides nearly instantaneous global fund transfers to meet urgent local funding needs.
Source: https://news.bitcoin.com/mitsubishi-to-adopt-jpmorgan-blockchain-service-for-global-fund-transfers/
