BMW Launches Automation of Cross-Border FX Transfers with JPMorgan's Kinexys Blockchain Technology

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BNB+0.283%

Source: Coinmarketcap

Updated: Dec 09 2025

BMW Adopts Blockchain for Forex Operations: BMW AG has implemented a blockchain-based platform, JPMorgan Chase's Kinexys, to automate foreign exchange operations, allowing for instantaneous cash reserve transfers between its European and US accounts.
Enhanced Efficiency and Reduced Manual Intervention: The blockchain system enables transactions to be executed automatically based on predefined conditions, minimizing the need for manual oversight and allowing BMW to operate with less idle capital.
Ongoing Blockchain Initiatives: BMW has been exploring blockchain technology since 2019, utilizing it in supply chain management and purchasing to track components and materials, and has plans to expand its blockchain applications further.
Leadership Transition at BMW: Milan Nedeljkovic has been appointed as the new CEO of BMW, set to take over from Oliver Zipse in May 2024, as the company continues to navigate its transformation and technological advancements.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

BMW Launches Automation of Cross-Border FX Transfers with JPMorgan's Kinexys Blockchain Technology

About the author

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