JPMorgan’s Kinexys Enters New Era as Marex Launches First Real-Time Blockchain Settlements

07/08/2025 admin

Key Takeaways:

Marex becomes the first clearing firm to adopt J.P. Morgan’s Kinexys Digital Payments platform.
The partnership with Brevan Howard Digital unlocks 24/7 programmable payments with reduced settlement risk.
Institutional momentum grows for blockchain-based financial infrastructure amid efficiency demands.

Marex Group has taken a bold step into blockchain-integrated finance by partnering with Brevan Howard Digital to implement Kinexys by J.P. Morgan, a blockchain-powered digital payments platform designed for real-time settlements. This move signals a new chapter for traditional finance firms exploring high-speed, secure, programmable transactions around the clock.

The First Use of Kinexys by a Clearing Firm

J.P. Morgan’s Kinexys platform, part of its Onyx blockchain initiative, has been a key pillar of the bank’s digital asset strategy since its original iteration as JPM Coin. Now rebranded and retooled in 2024, Kinexys enables instant programmable payments using blockchain deposit accounts within a permissioned ecosystem.

In a recent announcement, Marex confirmed it is the first clearing firm to integrate this system. This enables real-time payment processing for institutional clients, eliminating traditional delays caused by legacy rails such as SWIFT or ACH.

“By enabling programmable payment and settlement, Kinexys unlocks automation, reduces risk, and boosts asset utility,” said Terry Hollingsworth, Marex’s Global Head of Futures & OTC Clearing Sales.

The use of Kinexys allows for 24/7 settlement, aligning with the crypto market’s continuous trading environment. Payments can now move instantly, securely, and programmatically, a step toward more frictionless market operations.

Brevan Howard Digital Adds Institutional Weight

Brevan Howard Digital, the digital asset division of the prominent hedge fund, has been an early adopter of Kinexys since 2024. The firm collaborated with J.P. Morgan to co-develop and stress-test the Kinexys infrastructure in real-world financial workflows.

“This is a tangible example of how blockchain enhances efficiency and strengthens risk management,” said Adam Gibbons, COO of Brevan Howard Digital.

The inclusion of Brevan is not only an endorsement of Kinexys as an institutional-level system, but also will provide a precedent to other players in the hedge fund and asset management sectors to test out integrations.

It is interesting to point out that the cooperation has helped both Brevan and Marex to minimize operational friction, minimize costs and enhance the liquidity cycles without compromising compliance and security.

The Road Ahead for Blockchain Settlement Infrastructure

The Kinexys development is part of a broader trend: institutional finance embracing blockchain to improve outdated systems.

While programmable payments have existed in DeFi for years, J.P. Morgan’s entry brings credibility, scale, and regulatory assurance. Traditional finance’s experiment with programmable money is evolving into operational reality.

Analysts expect other clearing firms, brokerages, and hedge funds to soon follow. In a world moving toward “T+0” settlement cycles, platforms like Kinexys are positioned to play a crucial role.

Real-time redevelopment of financial infrastructure is underway, with companies such as Marex and Brevan Howard getting out front of the change, one programmable block at a time.

This is not only a technological enhancement to what is occurring; it is a paradigm shift in the way capital markets work. Traded, cleared and settled near real-time, financial instruments can be programmed using programmable settlement infrastructure with predefined margin call, netting or collateral movements.

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