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Stephanie Starr: Who Runs the Trade Bank of Iraq?

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Stephanie Starr
@StephanieStarrC

Very interesting. You know who runs the Trade Bank of Iraq and has been since 2003?…. That’s right JPM.

In fact JPM awarded the TBI with an excellence award May of 2025 recognizing the bank’s commitment to efficient, sustainable direct payment practices, and cross border payments.

What is the Trade Bank of Iraq in charge of?

Iraq’s primary trade and settlement bank for:

  • Oil & gas revenues
  • Import/export finance International correspondent banks.

Lets look deeper at JPM
JPMorgan Chase

  • Runs J.P. Morgan Payments, one of the largest cross-border settlement and FX engines in the world!
  • Deep presence in correspondent banking, trade finance, and emerging-market liquidity
  • Historically connected to Iraq’s Trade Bank (TBI) via international settlement rails and trade finance (this is public banking infrastructure, not speculative)
  • Role: Executes payments, FX, and liquidity at scale

Now let’s look at Gtreasury and Ripple..

GTreasury
Enterprise treasury and netting platform
Handles:

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  • Intercompany netting
  • FX exposure optimization
  • Multi-entity reconciliation
  • Partners with J.P. Morgan Payments (as shown in the Franklin Electric case)
  • Partner of Ripple for treasury workflows
  • Role: Intelligent calculation + balance-sheet orchestration

Ripple

  • Provides real-time gross settlement, liquidity messaging, and blockchain-based value transfer
  • Focuses on bank-to-bank infrastructure, not retail speculation
  • Works with enterprise treasury platforms (like GTreasury) rather than bypassing banks
  • Role: Settlement modernization + messaging + optional liquidity abstraction

This partnership JPM just announced with Gtreasury Is pretty amazing considering all the ties and partnerships they are connected too.

Source(s):
https://x.com/StephanieStarrC/status/2005873649320964175

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