Marex adopts J.P. Morgan Kinexys for 24/7 blockchain settlement with Brevan Howard

Marex, a global clearing and risk management firm, has become the first organization to adopt J.P. Morgan’s Kinexys blockchain platform for 24/7 settlement of transactions. The integration, conducted in collaboration with Brevan Howard Digital, a digital assets division of an asset manager, aims to reduce settlement risk and enhance the efficiency of cross-border and institutional payments [1]. This initiative allows Marex to settle trades instantly with clients, bypassing the need for traditional banking processes that often involve delays and multiple intermediaries [2]. The partnership underscores a broader trend toward the adoption of blockchain technology in financial infrastructure.

Kinexys, J.P. Morgan’s blockchain-based digital payments network, enables real-time, programmable settlements without manual intervention. Marex will use this system to run fully automated payment and settlement workflows that operate continuously, supporting its strategy to modernize clearing and settlement capabilities and align with evolving market demands [1]. The 24/7 functionality addresses the increasing demand for real-time financial services, particularly in the digital assets sector [2].

J.P. Morgan’s role in blockchain infrastructure for financial services has been expanding, especially in response to regulatory changes in the U.S. and growing interest in stablecoins and programmable money. Akshika Gupta, Global Head of Client Solutions at Kinexys by J.P. Morgan, described the partnership as a “significant milestone in the advancement of financial market infrastructure,” highlighting the firm’s ongoing commitment to blockchain innovation [1]. Despite this technological engagement, J.P. Morgan has maintained a cautious stance toward digital assets like Bitcoin. CEO Jamie Dimon has previously stated that Bitcoin has “no intrinsic value,” except for use by criminals and money launderers [2].

This collaboration demonstrates a practical application of blockchain technology in institutional finance, moving beyond speculative narratives to real-world implementation. By offering a decentralized yet secure settlement mechanism, J.P. Morgan and Marex aim to streamline transaction processing, reduce counterparty risk, and improve capital efficiency. The use of blockchain in this context is not a replacement for traditional finance but an enhancement that complements existing systems with speed and transparency [2].

The move also highlights the evolving relationship between traditional financial institutions and blockchain technology. While J.P. Morgan remains skeptical of digital assets, it continues to explore and develop infrastructure that supports the needs of institutional clients. This approach reflects a broader industry trend where firms are adopting blockchain for its operational benefits without necessarily endorsing the speculative aspects of the crypto market [1].

Source: [1] [Crypto](https://crypto.news/marex-partners-with-j-p-morgan-for-24-7-blockchain-settlement/)

[2] [Ledger](https://www.ledgerinsights.com/clearing-firm-marex-adopts-jpms-kinexys-digital-with-brevan-howard/)