Overview
- BMW executed an automated EUR-to-USD transfer between Frankfurt and New York outside traditional settlement windows with no manual intervention.
- Treasury teams at BMW pre-set conditions in JPMorgan’s Programmable Payments application to trigger movements when liquidity thresholds are reached.
- Kinexys, JPMorgan’s permissioned blockchain network, supports 24/7 programmable payments and near-real-time FX settlement for corporate clients.
- Integration with Treasury Management Systems such as Kyriba lets treasurers initiate on-chain deposits and FX payments from existing interfaces.
- Network usage is expanding but remains small versus legacy rails, with reported daily Kinexys volumes in the billions compared with traditional flows in the trillions.