Marex Partners with J.P. Morgan for 24/7 Blockchain Settlement
Marex, a financial firm and clearing house, has partnered with J.P. Morgan to leverage its Kinaxis blockchain for instant, 24/7 settlements. The collaboration, supported by Brevan Howard Digital, aims to reduce settlement risk and enhance payment efficiency by eliminating traditional bank transfers.
J.P. Morgan's Kinaxis blockchain enables programmable logic for continuous operations, marking a significant advancement in financial market infrastructure. Akshika Gupta, Global Head of Client Solutions at Kinaxis by J.P. Morgan, highlighted the firm's pioneering role in blockchain adoption.