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Marex Becomes First Clearing Firm to Adopt JPMorgan’s Kinexys With Brevan Howard Digital
The initiative is aimed at modernizing payment infrastructure and reducing settlement risk, Marex said.
Aug 6, 2025, 12:00 p.m.
What to know:
- Marex has become the first clearing firm to integrate Kinexys Digital Payments, the blockchain-based settlement system developed by JPMorgan.
- Kinexys is part of JPMorgan’s broader push into blockchain and digital assets.
Marex (MRX), a global financial services platform, has become the first clearing firm to integrate Kinexys Digital Payments, a blockchain-based settlement system developed by JPMorgan (JPM), through a collaboration with Brevan Howard Digital, the company said in a press release on Wednesday.
The initiative is aimed at modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology, the company said.
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Kinexys is part of JPMorgan’s broader push into digital assets and allows for near-instant settlement through blockchain deposit accounts, marking a significant shift from legacy rails to 24/7 digital clearing mechanisms.
Brevan Howard Digital, which joined the Kinexys network in 2024, has been collaborating with partners to develop a broader ecosystem for blockchain-based financial services.
Marex’s adoption of the platform underscores its commitment to streamlining operations and enhancing client service via next-gen infrastructure.
“Kinexys by JPMorgan is the next generation of financial market infrastructure,” said Terry Hollingsworth, Marex’s global head of futures and over-the-counter (OTC) clearing sales, in the release.
Akshika Gupta, global head of client solutions at Kinexys, said "24/7 settlements represents a significant milestone in the advancement of financial market infrastructure,” reaffirming the firm’s role in pushing forward institutional-grade blockchain solutions.
Read more: Jamie Dimon Says JPMorgan to Get More Involved With Stablecoins
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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