Marex (MRX), a global financial services platform, has become the first clearing company to integrate Kinexys Digital Payments, a blockchain-based payment system developed by JPMorgan (JPM).
The initiative aims to modernize payment infrastructure and reduce settlement risk by leveraging programmable digital ledger technology at all times.
Kinexys is part of JPMorgan's wide push to digital assets, enabling nearby payments via blockchain deposit accounts, marking a major shift from legacy rails to a 24/7 digital clearing mechanism.
Brevan Howard Digital, who joined the Kinexys Network in 2024, is working with partners to develop a broader ecosystem for blockchain-based financial services.
The adoption of the Marex platform underscores its commitment to streamline operations and enhance client services through next-generation infrastructure.
“Kinexys by JPMorgan is the next generation of financial market infrastructure,” said Terry Hollingsworth, Marex's global head and in-store (OTC) clearing sales at the release.
“The 24/7 settlement represents a significant milestone in advance of financial market infrastructure,” reaffirms the company's role in driving institutional-grade blockchain solutions, saying, “Their 24/7 settlements represent an important milestone in advance of financial market infrastructure.”
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