Mitsubishi Corporation has achieved a new milestone in global treasury management, becoming the first Japanese corporate to adopt Kinexys Digital Payments for intragroup USD* cash management across its key financial centers in Singapore, London and New York.

By leveraging Blockchain Deposit Accounts, Mitsubishi Corporation’s subsidiaries can now pre-define conditions through Programmable Payments that when met, enable its treasury teams to move funds automatically, customize payment processes and transfer in near real-time between these locations, unconstrained by traditional banking cut-off times and holidays.

The scalable digital payments platform enables automation with intuitive, rule-based fund transfers based on ‘if-this-then-that’ logic to help treasury teams enhance their liquidity on a consolidated group basis, improve financial efficiency across global operations - for example, by enabling the ability to optimize funds allocation instantly - and by meeting short-notice cash needs driven by commodity and other market volatility. This initiative marks a significant step in Mitsubishi Corporation’s digital transformation journey, enhancing operational resiliency and stability in global cash management.

Kazuyoshi Kawakami, Mitsubishi Corporation’s Treasurer, added, “Our liquidity management is a core source of credit strength. As we are developing and operating businesses globally across a wide array of industries, it is essential that funds raised in the market and cash generated across our operations can be allocated efficiently throughout our consolidated group. As we pursue stable and sustainable growth through investment, trading, and other business activities, we believe our liquidity management should also continue to evolve. Instant and programmable payments can support it, while also getting our resilience strong in times of market stress. We expect this initiative represents an important step in elevating our liquidity management framework.”

Since inception, Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit and part of J.P. Morgan Payments, has processed over $3 trillion in transaction volume, with average daily transactions exceeding $5 billion.

Zack Chestnut, Global Head of Business Development for Kinexys Digital Payments at Kinexys by J.P. Morgan, added, “We are proud to help global businesses unlock the strategic benefits of programmable payments and 24/7/365 onchain settlement. Mitsubishi Corporation’s adoption of Kinexys Digital Payments signals a new era for Japanese corporates seeking to modernize their treasury management practices in today’s dynamic global market. Our core focus remains on building next-generation financial infrastructure and we are excited to continue working with Mitsubishi Corporation to realize the future of treasury management.”

Kenichi Igarashi, Head of J.P. Morgan Payments, Japan, said, “We value client service and are committed to offering the solutions that meet our clients’ needs by enabling Japanese corporations to utilize global, innovative products, such as Kinexys Digital Payments. We look forward to continuing to grow together with our clients such as Mitsubishi Corporation as partners for their payment innovation journeys.”

Check out media coverage in DL News and learn how other clients, such as Siemens and B2C2 leverage Kinexys Digital Payments to run their businesses better. Dive into our glossary of key terms in the blockchain and digital assets space to help cut through the noise around the topic.

*Please note that only select currencies are currently available for client use on Kinexys Digital Payments, which may be subject to change.