Banks in Philippines and South Korea Move on Blockchain Cross-Border Payments

According to BitKE, the initial rollout will focus on payroll and overseas earnings, with a wider launch targeted before the ASEAN Summit in November 2026. The plan is subject to approval from the Bangko Sentral ng Pilipinas and compliance with consumer protection and reserve transparency requirements. BitKE quoted BPI President and CEO TG Limcaoco as saying that exploring stablecoin rails is a natural extension of the bank's digitalization strategy and customer focus.

Separately, Cointelegraph reported that South Korea's largest lender will use JPMorgan's blockchain platform, Kinexys, to support US dollar cross-border payments for import and export businesses across 10 countries.

Tokenized real-world assets became the largest trading category on the decentralized derivatives exchange Hyperliquid, surpassing crypto perpetuals for the first time.