- Marex is the first clearing firm to adopt JPMorgan’s Kinexys blockchain for settlement services.
- Kinexys will enable near-instant, programmable settlements, reducing risk, cost, and reliance on legacy infrastructures.
- Settlements via blockchain can be done 24/7, even outside normal banking hours.
Marex Group has made a significant leap into blockchain-powered finance. They’ve become the first clearing firm to adopt JPMorgan’s Kinexys Digital Payments platform, in collaboration with Brevan Howard Digital. This move signals a pivotal shift from traditional, time-bound settlement systems to real-time, always-on blockchain infrastructure.
By teaming up with Brevan Howard Digital, Marex reinforces its reputation as an innovation leader, using cutting-edge tech to better support clients and boost efficiency across financial markets. With Kinexys, they can now enable rapid, programmable settlement through blockchain deposit accounts, operating 24/7 to facilitate near-instant trade clearing. This can be facilitated even outside normal banking hours.
A strategic collaboration
“Kinexys by J.P. Morgan is the next generation of financial market infrastructure. By enabling programmable payment and settlement, the platform leverages automation to unlock asset utility and reduce risk,” said Terry Hollingsworth, Global Head of Futures & OTC Clearing Sales, Marex.
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Akshika Gupta, Global Head of Client Solutions, Kinexys by J.P. Morgan, said, “We have been a pioneer in digital payments on blockchain, and this work highlights our dedication to continuing to drive progress and deliver cutting-edge infrastructure for our clients and the industry at large.”
Brevan Howard Digital, which joined Kinexys in 2024, played a vital role in establishing the ecosystem needed for this innovation. Their collaboration helped pave the way for Marex to bring institutional-grade blockchain solutions into mainstream clearing systems.
