Kinexys Token on Coinbase Base Enables Money Transfers

Bank’s Kinexys launches token on Coinbase’s public blockchain Base, enabling users to send and receive money via Coinbase Global Inc.-affiliated network securely.

Naveen Mallela, global co-head of the bank’s blockchain division Kinexys, has confirmed a strategic move to bring a new token to the public blockchain ecosystem. The token is designed to allow users to send and receive money via Coinbase Global Inc.-affiliated public blockchain Base, signaling an important step toward mainstream crypto payments and interoperability.

Kinexys’ announcement focuses on practical functionality: payments. By using a token on Base, users can tap into Coinbase’s expanding public blockchain infrastructure for simple transfers. This approach leverages Base’s compatibility with Ethereum tooling and Coinbase’s network effects, making it easier for retail and institutional users to adopt token-based payments without sacrificing familiarity or accessibility.

For financial institutions and digital asset users, the Kinexys token illustrates the growing trend of banks and traditional players experimenting with blockchain-native solutions. Naveen Mallela’s comments spotlight how a bank’s blockchain division can partner with established public chains — in this case, Base — to deliver payment rails that are faster, programmable, and potentially cheaper than legacy alternatives.

Although the announcement focuses on the token’s core capability to send and receive money, the use of a Coinbase-affiliated public blockchain suggests broader possibilities. Developers and businesses on Base can integrate with existing wallets, decentralized apps, and infrastructure built for Ethereum-style chains, creating a more interoperable payments environment. For end users, this could mean more options to move funds, pay merchants, and participate in token-driven services.

Security and compliance remain important considerations as banks explore blockchain tokens. By choosing a public blockchain affiliated with Coinbase, Kinexys signals an emphasis on leveraging mature infrastructure and established custody and on-ramping options. Users and partners should watch for additional details about token issuance, regulatory alignment, and supported wallets to understand the full operational picture.

As the crypto payments landscape evolves, the Kinexys token on Base underscores how traditional finance and public blockchain networks can converge on practical use cases. For anyone tracking crypto adoption, this development is a noteworthy example of how tokens are being positioned for everyday money movement.

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