FirstRand Bank has become one of the first financial institutions in South Africa to adopt Kinexys Digital Payments - J.P. Morgan’s private blockchain network for programmable treasury payments. This solution enables automated U.S. dollar transactions in near real time, bypassing traditional settlement mechanisms.
The programmable payments feature allows FirstRand Bank’s treasury team to execute intra‑group transfers between legal entities around the clock. This approach optimizes liquidity management through instant transactions based on predefined criteria.
The adoption of Kinexys also highlights the growing influence of blockchain infrastructure in Africa’s financial sector and signals the potential for expansion across the continent.