"Mitsubishi Corporation plans to launch full-scale global fund transfers using JPMorgan Chase's Blockchain Deposit Account (BDA) technology by fiscal 2026, following successful test transfers."
"The BDA system enables 24/7 instant dollar-denominated transfers between Mitsubishi's global subsidiaries, optimizing capital efficiency and allowing for automated, programmable liquidity management."
Mitsubishi Corporation is set to become the first Japanese company to implement JPMorgan Chase's Blockchain Deposit Account (BDA) technology for global fund transfers. The company has successfully completed test transfers and plans to fully launch the service by fiscal 2026. The BDA system allows for 24/7 instant dollar-denominated transfers between Mitsubishi's subsidiaries worldwide, enhancing capital efficiency with transaction capabilities up to $500 million and enabling automated liquidity management.
#mitsubishi-corporation #jpmorgan-chase #blockchain-technology #international-fund-transfers #capital-efficiency
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