Key takeaways:

  • Siemens continues to expand its use of Kinexys Digital Payments with onchain FX payments to support its international treasury management with near real-time access to FX liquidity around the clock.
  • B2C2 unlocks faster and more secure liquidity management in the digital assets ecosystem with USD, EUR and GBP FX onchain settlements.
  • Kinexys by J.P. Morgan is a pioneer in blockchain infrastructure, enabling global institutional clients to move capital quickly, seamlessly and securely.

Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit, has won mandates from Siemens and B2C2 to transact onchain foreign exchange (FX) cross-border payments on its Kinexys Digital Payments network. This further solidifies our position as a leader in blockchain-based infrastructure, bridging high-tech speed and agility with institutional stability so global businesses can move capital quickly, seamlessly and securely.

Siemens:

Siemens has successfully completed near-instant USD to EUR FX onchain cross-border payments through Kinexys Digital Payments, providing Siemens with uninterrupted access to liquidity across selected global currencies, including USD and EUR*. The solution enables Siemens’ global business to overcome limited settlement windows, further enhancing the efficiency and reliability of multi-currency cross-border payments and liquidity management within its treasury management platform. 

Heiko Nix, Global Head of Cash Management and Payments at Siemens, said, “Since 2021, we at Siemens have leveraged this solution to seamlessly connect our global treasury operations. The latest enhancement takes us a step further, simplifying transactional FX in real time, overcoming time-zone barriers, and mobilizing cash precisely when and where it’s needed. For us, this is not only about optimizing working capital today, but also about shaping how a real-time, truly global treasury will operate in the future.”

A longstanding client of J.P. Morgan, Siemens integrated Kinexys Digital Payments into its treasury management platform four years ago, when it became the first client to use Kinexys Digital Payments’ blockchain deposit accounts to support its treasury department moving money between its global subsidiaries 24/7. In 2023, Siemens also became the first client to use Kinexys Digital Payments’ programable payments solution.

B2C2:

B2C2, a global leader in institutional liquidity for digital assets, has also successfully completed USD to EUR FX onchain settlement and plans to leverage Kinexys Digital Payments for USD, EUR and GBP FX payments. Near real-time access to FX liquidity 24/7/365 further enhances B2C2’s services for institutional clients with faster and more secure delivery of bilateral over-the-counter (OTC) derivatives and trading on exchanges.

Thomas Restout, Group CEO of B2C2, said, “Our collaboration with Kinexys by J.P. Morgan represents an important step forward in B2C2’s mission to deliver institutional-grade liquidity and settlement solutions to the digital assets market. By leveraging onchain FX payments, we can offer our clients faster, secure and always-on settlement across major currencies, enhancing both the efficiency and resilience of our OTC and exchange trading services.”

Akshika Gupta, Global Head of Client Solutions for Kinexys Digital Payments, Kinexys by J.P. Morgan, said, “We’re pleased to help global businesses unlock the benefits of truly 24/7/365 onchain FX settlement. We are focused on building next-generation financial infrastructure backed by deep industry expertise and are excited to work with our clients around the world to realize the future of finance.”

Check out media coverage in Bloomberg and learn more about Kinexys Digital Payments here. Dive into how other clients, such as LSEG’s SwapAgent, Qatar National Bank and Saudi National Bank leverage Kinexys Digital Payments to run their businesses better.

*Please note that only select currencies are currently available for client use on Kinexys Digital Payments, which may be subject to change.