JPMorgan Tokenizes Private Equity Fund on Kinexys Blockchain Platform
JPMorgan Chase has tokenized a private-equity fund on its Kinexys blockchain, offering it to wealthy clients through its private bank.
- The first transaction using the Kinexys Fund Flow involved JPMorgan Asset Management and Citco, completed on a permissioned blockchain network.
- Kinexys Fund Flow automates fund transfers using smart contracts, replacing manual processes in private-fund operations.
- Broader rollout expected in early 2026, potentially reducing errors and costs industry-wide.
CEO Jamie Dimon, previously skeptical about digital currencies, now acknowledges crypto's real-world applications, emphasizing stablecoins and smart contracts for efficient transactions.