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Mitsubishi to Use JPMorgan’s BDA Blockchain Platform for Cross-Border Transfers

Mitsubishi Corporation is set to use JPMorgan Chase’s Blockchain Deposit Account (BDA) system to enable near-instant international fund transfers. The company aims to roll out full-scale global transfers by fiscal 2026 after completing test transactions. The setup is designed for 24/7 U.S. dollar movements across subsidiaries and may support transfers of up to $500 million each.
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