Marex Group Plc will become the first clearing firm to use J.P. Morgan’s Kinexys Digital Payments blockchain platform, enabling real-time, programmable settlement of transactions.
In collaboration with Brevan Howard Digital, Marex will leverage blockchain deposit accounts to improve efficiency, reduce counterparty risk, and lower costs. Kinexys, part of J.P. Morgan’s Onyx unit, has processed over $1.5 trillion since launch, with daily volumes averaging $2 billion.
J.P. Morgan’s blockchain journey began with Quorum in 2016, later launching JPM Coin in 2019. Kinexys, rebranded from Onyx in 2024, now underpins initiatives like the new JPMD token for dollar deposits, and may soon facilitate crypto-backed loans in partnership with Coinbase.
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