JPMorgan expands blockchain payments as Marex adopts Kinexys for 24/7 settlements

JPMorgan’s digital payments arm Kinexys has secured a major breakthrough in financial settlements with the onboarding of Marex, a global financial services platform and clearing house.

In a development announced on 6 August, Marex became the first market participant to adopt Kinexys for settling trades in real time.

The initiative is being implemented in collaboration with Brevan Howard Digital, marking another step towards institutional adoption of blockchain-based settlement frameworks.

This development underscores JPMorgan’s growing commitment to distributed ledger technology (DLT) in the financial sector and reflects the bank’s broader strategy to make real-time, cross-border settlements a standard offering in capital markets.

Marex taps Kinexys blockchain for instant client trade settlements

The new blockchain-enabled system allows Marex to settle trades instantly with clients through Kinexys, bypassing conventional banking rails that typically slow down the clearing and settlement process.

By enabling atomic settlement — where both legs of a transaction occur simultaneously — the system significantly reduces settlement risk and counterparty exposure.

Crucially, Brevan Howard Digital, the crypto investment arm of global hedge fund Brevan Howard, is involved in facilitating the transaction workflow, signalling strong institutional confidence in the reliability and scalability of the Kinexys platform.

JPMorgan’s Kinexys Digital Payments network, which integrates blockchain technology into traditional finance infrastructure, enables secure and uninterrupted settlement capabilities.

With Marex on board, the network has taken a practical leap in expanding its application to commodities and derivatives trading.

Kinexys enables 24/7 programmable payments infrastructure

Marex’s adoption of Kinexys will also involve automated programmable logic, allowing smart contracts to execute settlements and payments without manual intervention.

This introduces a programmable payments layer into institutional finance, enabling operational efficiency, error reduction, and continuous settlement availability.

The infrastructure operates 24/7, offering uninterrupted transaction capabilities. This is particularly significant in global financial markets where different time zones often delay trade reconciliation.

Through Kinexys, Marex clients can expect near-instant access to cleared funds and seamless payment processing, powered by blockchain automation.

Although Kinexys operates within a permissioned blockchain environment, its integration with real-world finance gives it a unique advantage in meeting institutional compliance requirements, an area where most public blockchains still face hurdles.

JPMorgan’s Kinexys expansion reflects broader DeFi adoption trends

JPMorgan’s expansion of its blockchain capabilities through Kinexys reflects the bank’s broader ambition to bridge traditional finance with decentralised technologies.

The move follows earlier pilot efforts like the JPM Coin and the Tokenised Collateral Network (TCN), which have gradually laid the foundation for institutional-grade blockchain applications.

The Marex deployment comes amid rising competition in the institutional blockchain settlement space, with players like Citi and Goldman Sachs also investing in digital ledger systems.

JPMorgan’s strategy with Kinexys, however, places it at the forefront of digital payments innovation within regulated environments.

The success of the Kinexys rollout could pave the way for other market makers, hedge funds, and clearing houses to adopt blockchain-native solutions for complex trades, particularly in derivatives, commodities, and foreign exchange.

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