In a major advancement, Marex has become the first clearing company to use JPMorgan's Kinexys blockchain platform to process payments for clients. This move, combined with the Brevan Howard Digital investment fund, demonstrates the growing acceptance of blockchain technology by major financial institutions.
24/7 payments and risk mitigation
The
#Kinexys platform, previously known as JPM Coin, allows companies to make instant payments, 24/7, using digital deposit accounts. This significantly reduces payment risk, time, and costs for Marex and Brevan Howard Digital while maintaining a level of security comparable to traditional payment systems.