Siemens AG and crypto market maker B2C2 are the latest major corporations to integrate with the JPMorgan Blockchain Network, using the bank’s Kinexys platform to conduct foreign exchange (FX) transactions around the clock. The move enables both firms to settle cross-border payments in U.S. dollars, British pounds, and euros — instantly and securely — without waiting for traditional banking hours.
Breaking the 9-to-5 barrier
By leveraging JPMorgan’s blockchain-based Kinexys system, Siemens and B2C2 can bypass the limitations of the conventional five-day banking cycle. What used to take days to clear can now be completed in seconds, providing global liquidity and real-time visibility across accounts.
For B2C2, a subsidiary of Japan’s SBI Holdings and one of the world’s largest crypto liquidity providers, the integration offers a much-needed solution to a persistent challenge — 24/7 liquidity management in crypto markets.
“This gives us the ability to move cash 24/7, seamlessly,” said Thomas Restout, CEO of B2C2. “For risk management, it’s a key piece.”
A new step in Siemens’ blockchain adoption
Siemens Blockchain Adoption continues to expand as the industrial powerhouse modernizes its treasury operations. The company has already used JPMorgan’s blockchain tools to move internal funds between subsidiaries. Now, the new FX integration lets Siemens execute near-instant dollar-to-euro transfers — a major upgrade over legacy systems that depend on time zones and bank cutoffs.
“The latest enhancement takes us a step further, simplifying transactional FX in real time,” said Heiko Nix, Siemens’ Global Head of Cash Management and Payments. “It helps us mobilize cash precisely when and where it’s needed.”
Kinexys: A quiet revolution in corporate payments
The JPMorgan Blockchain Network, first launched in 2019, is fast becoming a cornerstone for large-scale corporate transactions. Though it currently processes around $3 billion daily — a fraction of JPMorgan’s total $10 trillion — its adoption by major players like Siemens and B2C2 underscores growing confidence in blockchain-powered finance.
Recently, commercial real estate loan servicer Trimont LLC joined the platform, automating its loan payment processing and cutting verification times from two days to just minutes.
As more global firms adopt Kinexys, JPMorgan’s blockchain network is proving that distributed ledger technology can finally deliver on its promise — speed, efficiency, and true 24/7 banking access for the world’s largest institutions.
