Marex Makes History as First Clearing Firm to Leverage JPMorgan’s Kinaxis Blockchain for Lightning-Fast Settlements
Wall Street's blockchain revolution just got a major player. Marex—a heavyweight in the clearing space—has become the first to tap into JPMorgan's Kinaxis blockchain for settlements. No more legacy system bottlenecks; this is finance at the speed of code.
Why it matters: Traditional settlement times are about as efficient as a fax machine in 2025. By adopting Kinaxis, Marex slashes processing times from days to minutes—proving even dinosaurs can learn new tricks (if there's profit involved).
The fine print: While JPMorgan's blockchain network keeps expanding, skeptics note this won't stop bankers from charging those sweet, sweet settlement fees—just with fewer middlemen taking a cut. Progress? Sure. A financial utopia? Don't cash that check yet.
