Marex Integrates JPMorgan’s Kinexys Digital Payments for Clearing Services
Marex (MRX) has integrated Kinexys Digital Payments, a blockchain-based settlement system developed by JPMorgan (JPM), becoming the first clearing firm to do so. This collaboration with Brevan Howard Digital aims to modernize payment infrastructure and reduce settlement risk.
Key points:
- Kinexys enables near-instant settlement through blockchain deposit accounts.
- This integration marks a shift from traditional systems to 24/7 digital clearing mechanisms.
- Brevan Howard Digital joined the Kinexys network in 2024 to develop blockchain-based financial services.
- Marex is focused on streamlining operations and enhancing client service through advanced infrastructure.
- Terry Hollingsworth of Marex emphasizes Kinexys as the next generation of market infrastructure.
- Akshika Gupta from Kinexys highlights 24/7 settlements as a milestone for financial market infrastructure.