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JPMorgan Completes First Blockchain-Based Private Fund Transaction Amid Tokenization Push
Kinexys Fund Flow, developed by the bank's digital asset arm Kinexys, aims to streamline access to alternative funds.
Oct 30, 2025, 4:06 p.m.
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What to know:
- JPMorgan debuted Kinexys Fund Flow, a blockchain tool that enables real-time settlement of private fund flows using tokenized investor data.
- JPMorgan Asset Management, Private Bank and Kinexys Digital Assets joined fund administrator Citco in first live transaction.
- The launch extends J.P. Morgan’s years-long effort to apply blockchain to real-world financial markets.
JPMorgan said Thursday it had debuted a new blockchain-based tool that streamlines distribution and servicing of alternative investment funds as the bank pushes deeper into tokenization.
The platform, dubbed Kinexys Fund Flow and developed by the bank's digital asset arm Kinexys by JPMorgan, aims to give fund managers, transfer agents and distributors a shared, real-time view of investor activity while reducing manual reconciliation and cutting delays in capital movement.
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The first live transaction with the tool involved multiple J.P. Morgan business lines: Asset Management, the Private Bank and Kinexys Digital Assets. Fund administrator Citco also participated.
This is the latest step in JPMorgan’s broader push to apply blockchain tech and tokenization for traditional finance, a trend that's gaining traction among major financial institutions. The bank has been an early mover, developing JPM Coin in 2019 and launching its blockchain unit, Onyx, in 2020. That division, now integrated under Kinexys, conducted blockchain-based repo trades, cross-border payments and tokenized asset settlements with partners including BlackRock and Siemens.
The bank plans a broader rollout of Kynexis Fund Flow in early next year, according to a press release shared with CoinDesk.
Read more: IBM Unveils Digital Asset Platform as Demand for Tokenization, Stablecoins Grows
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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