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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

2025/12/02 13:22

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 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.

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