Wiwynn, a global AI server supplier, said it has completed its first cross-border U.S. dollar payment trial with JPMorgan using blockchain-based settlement rails. The company disclosed the project at the recent FinTechOn 2026 forum, presenting it as a move to extend corporate treasury operations into Web3 and distributed ledger infrastructure.
Chairperson Hungi Ning Hong and CFO Chang-Wei Chen discussed the trial publicly for the first time at the event. Wiwynn said its major end customers are large North American cloud service providers, with overseas revenue accounting for a high share of the business. U.S. clients make up more than 70% of that base, leaving the company exposed to the usual friction in cross-border treasury management, especially time-zone gaps and lengthy reconciliation processes.
24/7 settlement was the main target
Wiwynn said it used JPMorgan’s blockchain settlement system, JPM Coin / Kinexys, to enable round-the-clock peer-to-peer settlement. The company said that structure allows large cross-border fund transfers to move without being limited by bank business hours and helps improve turnover efficiency across the supply chain.
The first trial ran slower than a conventional wire
Looking back at the first live test in August 2026, Chen said the process was not smooth. The first cross-border transaction took 4 hours and 15 minutes, longer than a traditional wire transfer that took about 3 hours. He described the experience as being “as slow as landing on the moon.”
Chen said the bottleneck was not the blockchain network itself. The delay came from manual checks and approvals still required at both ends when funds were moved on-chain and off-chain from traditional bank accounts. After the two sides improved process coordination, the time required to move funds on-chain had been cut to about 2 minutes by early September.
The pitch was programmability, not lower fees
Chen said the reason for adopting blockchain was not simply to shave a small amount off cross-border transaction fees. He said the key value lies in making funds programmable, allowing them to connect deeply with the company’s internal ERP systems so that each supply-chain payment can be tracked and reconciled at millisecond speed.
Wiwynn chose tokenized deposits instead of external stablecoins
Chen also clarified at the forum that the transaction currency remained fiat U.S. dollars, not an external decentralized stablecoin or any other virtual asset. Rather than using widely circulated instruments such as USDT, Wiwynn said it opted for JPMorgan-issued tokenized deposits.
The company highlighted two compliance-related reasons for that choice:
- From an accounting standpoint, tokenized deposits are digital representations of fiat currency and can be treated directly as cash and cash equivalents. Wiwynn said that avoids the more complicated mark-to-market valuation or impairment treatment that can apply to intangible assets and is more compatible with the compliance standards of large listed companies.
- On counterparty selection, Hong said Wiwynn remains highly cautious toward emerging crypto assets. At the same time, she said the scale of fund flows in the AI era means the traditional financial system needs an upgrade. Working with JPMorgan, which she described as reputable and heavily regulated, was presented as a practical choice balancing innovation, compliance and corporate information security.
From computing infrastructure to financial infrastructure
Hong said Asia plays a key role in the global AI server and semiconductor supply chain. In her view, the region now needs not only to export hardware computing capacity but also to build financial infrastructure that matches it.
Wiwynn said the cross-border blockchain payment test shows how a large traditional manufacturer can connect to Web3 infrastructure while keeping compliance risk relatively low. The source article said that as global cloud companies continue accelerating compute deployment, Wiwynn’s model of efficient, transparent and uninterrupted supply-chain treasury management may become a reference point for digital finance upgrades in Taiwan’s technology hardware sector.