According to Bloomberg, industrial giant Siemens Group and digital asset market maker B2C2 have started using JPMorgan Chase's blockchain-based foreign exchange payment platform. According to reports, the service enables businesses to conduct cross-border foreign exchange transactions in dollars, pounds, and euros around the clock, enabling near-instant settlement. In contrast, corporate foreign exchange transfers using traditional channels are primarily served on weekdays, and it can take days ...
Clearing firm Marex announced that it has integrated with JPMorgan's blockchain settlement system Kinexys Digital Payments through a partnership with Brevan Howard Digital, with the aim of modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology.