Siemens and B2C2 Adopt JPMorgan’s Blockchain FX Network for 24/7 Settlements
Industrial conglomerate Siemens AG and crypto market maker B2C2 have integrated JPMorgan Chase's blockchain-based foreign exchange platform, enabling near-instant cross-border settlements in major fiat currencies. The system bypasses traditional banking hours, offering continuous transaction capabilities that prove critical during crypto market volatility.
B2C2 CEO Thomas Restout highlights the operational advantage: 'Round-the-clock cash movement lets us manage weekend margin calls that previously left traders stranded.' The platform processes $3 billion daily through JPMorgan's Onyx Digital Payments network, marking growing institutional adoption of blockchain infrastructure for treasury operations.