Definition
Bank-operated blockchain settlement networks restricted to regulated institutions — distinct from public-chain retail crypto or stablecoin consumer apps.
Key Points
- kinexys example: USD corporate remittances with SWIFT coexistence (2026-07-26-kb-kookmin-asia-business-daily-kinexys)
- Do not frame as “banks adopting crypto payments” without qualification
- Complements swift-cooperative ledger pilots and stablecoin trade-finance experiments