Marex will leverage JPMorgan’s Kinexys blockchain for faster and more efficient settlements.
Summary
- Marex to leverage JP Morgan’s blockchain infrastructure
- Kinexys blockchain enables instant, 24/7 settlement
- Leveraging blockchain helps Marex reduce settlement risk and increase efficiency
J.P. Morgan is boosting its crypto credentials with a new partnership. On Wednesday, August 6, financial firm and clearing house Marex became the first to leverage J.P. Morgan’s Kinexys blockchain.
The partnership, in collaboration with Brevan Howard Digital, will enable Marex to reduce settlement risk and facilitate more efficient payments. The firm will use blockchain to settle trades instantly with clients, eliminating the need for slow traditional bank transfers.
“Marex and Brevan Howard Digital utilizing the growing Kinexys Digital Payments network to make seamless, 24/7 settlements represents a significant milestone in the advancement of financial market infrastructure,” Akshika Gupta, Global Head of Client Solutions, Kinexys by J.P. Morgan.
Marex will also leverage automated programmable logic to run payments and settlements. The system will operate continuously, with settlements available 24/7. Brevan Howard Digital will facilitate payments through J.P. Morgan’s blockchain.
J.P. Morgan leverages blockchain in finance
Gupta emphasized that J.P. Morgan has been a pioneer in blockchain infrastructure for payments. According to Gupta, the new partnership highlights the firm’s ongoing commitment to blockchain innovation.
Despite its use of blockchain tech, the firm is skeptical about digital assets in general. In January 2025, J.P. Morgan CEO Jamie Dimon stated that Bitcoin had “no intrinsic value,” except for criminals and money launderers.
Still, this has not stopped J.P. Morgan from engaging with the industry, especially following regulatory changes in the U.S. In July, Dimon confirmed the firm would “get involved” in stablecoins, though he reiterated doubts about the necessity of such instruments.
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