JPMorgan announced the successful completion of its first blockchain-based private fund transaction using the Kinexys Fund Flow platform, a new tool created by its digital asset arm to streamline fund distribution and servicing. The platform provides fund managers, distributors and transfer agents with a shared, real-time ledger of investor activity, reducing manual processing and speeding capital movement.
The inaugural live transaction involved JPMorgan Asset Management, the Private Bank and Kinexys Digital Assets, with fund administrator Citco participating.
The launch marks another step in JPMorgan’s expanding tokenization strategy. The bank, an early mover in institutional blockchain adoption, previously launched JPM Coin in 2019 and its Onyx blockchain unit in 2020, conducting tokenized repo trades, payments and asset settlements with partners including BlackRock and Siemens.
JPMorgan plans a broader rollout of Kinexys Fund Flow early next year, underscoring rising interest among major financial institutions in applying blockchain for traditional finance infrastructure.
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