Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail BMW Taps JPMorgan for First Onchai Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail BMW Taps JPMorgan for First Onchai

BMW Taps JPMorgan for First Onchain Programmable FX Payment

2025/12/09 21:18
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

BMW Taps JPMorgan for First Onchain Programmable FX Payment

The German car giant used JPMorgan’s permissioned Kinexys Digital Payments network to do the FX transaction.

By Ian Allison|Edited by Stephen Alpher
Dec 9, 2025, 1:18 p.m.
BMW car (Coindesk archives)

What to know:

  • BMW Group unlocks automatic EUR to USD foreign exchange (FX) to support its international treasury management using Kinexys Digital Payments.
  • The first transaction involved automated balance checks, conditional auto-deposits, near real-time FX transactions and transfers between BMW Group’s Blockchain Deposit Accounts in Frankfurt and New York.
  • This milestone marks the first time Kinexys by J.P. Morgan has made an onchain FX payment through pre-defined and fully automated instructions.

German carmaker BMW Group has become the first corporation to execute a fully pre-programmed FX transaction using mega-bank JPMorgan’s Kinexys Digital Payments network, the companies said on Tuesday.

BMW’s German and U.S. treasury teams pre-defined conditions through JPMorgan’s Programmable Payments application, which enabled an automated, end-to-end FX transaction from EUR to USD. The permissioned blockchain seamlessly transferred the funds between Frankfurt and New York.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The process was completed outside traditional settlement windows and without manual intervention, allowing BMW Group to optimize liquidity and achieve near-instant, multi-currency cross-border payments based on pre-set conditions, according to a press release.

“We implement a stringent roadmap for real-time treasury on the basis of blockchain technology and other technological innovation developments,” said Stefan Richmann, Head of BMW Group Treasury. “The very first fully automated and programmable payment represents a leap forward for us and will allow us to make payment processes faster and more seamless.”

JPMorgan has been a trailblazer when it comes to experimenting with permissioned versions of Ethereum, and is pushing more innovation out the door lately, including bringing the bank’s blockchain-based deposit token, JPM Coin, to Coinbase’s decentralized Base network.

“We’re proud to help global businesses unlock the combined benefits of programmable payments and 24/7/365 onchain FX settlement,” said Akshika Gupta, J.P. Morgan’s Global Head of Client Services for Kinexys Digital Payments. “Our singular focus is on building next-generation financial infrastructure and we are excited to work with our clients to realize the future of finance.”

JPMorgan

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion

The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.

What to know:

  • Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
  • The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
  • The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Read full story
Latest Crypto News

Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast

Polkadot Trades Little Changed as Crypto Market Consolidates

IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul

No Direction: Crypto Daybook Americas

Tassat Wins U.S. Patent for 'Yield-in-Transit' Onchain Settlement Tech

Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision

Top Stories

CoinDesk's Most Influential 2025

Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast

No Direction: Crypto Daybook Americas

IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul

SGX's Crypto Futures Draw New Liquidity, Not Diverted Cash, Exchange's President Says

Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23