Collaboration with Brevan Howard Digital marks a step forward in real-time payments and risk reduction
In a first for the clearing industry, global financial services firm Marex has integrated Kinexys Digital Payments, a blockchain-based settlement platform developed by JPMorgan, through a strategic partnership with Brevan Howard Digital. The move reflects a growing appetite among institutions to embrace programmable, real-time payment infrastructure.
The initiative aims to modernize outdated settlement systems and reduce counterparty risk by leveraging always-on distributed ledger technology, according to a company statement released Wednesday.
“Marex has taken a forward-looking step by adopting Kinexys,” said a source familiar with the project. “It’s a recognition that market infrastructure needs to evolve beyond outdated systems reliant on banking hours and batch processing.”
Kinexys is part of JPMorgan’s broader push into blockchain, offering programmable digital payments designed to streamline clearing and settlement. Unlike traditional systems that operate within limited timeframes, Kinexys enables instantaneous and transparent transactions around the clock.
Clearing firms play a critical role in financial markets by settling trades between buyers and sellers. Yet, many still rely on legacy systems that introduce delays and operational risks—a problem Kinexys seeks to solve.
“Replacing legacy plumbing with digital rails isn’t just about speed—it’s about resilience and precision,” said a fintech consultant familiar with institutional blockchain rollouts.
Will more firms follow Marex’s lead? If history is any guide, once the first domino falls, the rest may not be far behind.
As blockchain technology continues to gain traction on Wall Street, the Marex-Kinexys partnership could serve as a blueprint for modernizing global finance, one block at a time.
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