Marex Adopts JPMorgan’s Blockchain for Settlements in Industry First

London-based financial services firm Marex has become the first clearing firm to utilize JPMorgan's Kinexys blockchain platform for client settlements. The partnership with Brevan Howard Digital enables 24/7 payment processing through blockchain-based deposit accounts, marking a significant step in institutional adoption of distributed ledger technology.

The integration allows instant settlements while maintaining traditional security standards, reducing both risk and operational costs. "This demonstrates TradFi's growing experimentation with blockchain infrastructure to modernize legacy systems," said Peter Chung of Presto Labs, though he noted immediate material benefits may be limited.

JPMorgan's Kinexys platform continues to attract institutional players seeking programmable settlement rails. The MOVE reflects broader industry momentum toward real-time, blockchain-enabled financial infrastructure.