Siemens and B2C2 mandate Kinexys for blockchain-based FX settlement

J.P. Morgan has secured mandates from Siemens and B2C2 to provide foreign exchange liquidity via its Kinexys blockchain platform, operating on a near real-time, 24/7 basis. The arrangements position the bank’s tokenised deposit and settlement infrastructure as operational tooling for corporates and digital asset market makers seeking continuous FX access outside traditional banking hours.

For treasury functions, the development frames blockchain-based FX as a live alternative to correspondent banking rails when weekend or after-hours settlement is material. The Siemens mandate in particular signals appetite among multinationals for programmable liquidity tied to working capital and supply chain cycles that do not respect market closes.

B2C2’s participation underscores demand from crypto-native counterparties for fiat on-ramps that settle atomically with digital asset flows. The dual mandates suggest Kinexys is moving beyond proof-of-concept into recurring operational use, with FX as the entry point for broader onchain payment and collateral workflows.