Marex Makes History as First Clearing Firm to Leverage JPMorgan’s Kinaxis Blockchain for Lightning-Fast Settlements
Wall Street's old guard just got a blockchain facelift—and Marex is leading the charge.
Breaking the mold: The London-based clearing house just became the first to settle trades on JPMorgan's Kinaxis blockchain, bypassing legacy systems that haven't changed since the dial-up era. No more waiting three days for trades to clear when distributed ledger tech can do it in minutes.
Why it matters: While traditional finance still argues about blockchain use cases, Marex is quietly eating their lunch. JPM's Kinaxis—already processing $1B+ daily—just gained a powerful ally in bringing institutional crypto adoption mainstream.
The cynical take: Another day, another financial giant 'innovating' via private blockchain while publicly dismissing Bitcoin. But hey—at least someone's finally using blockchain for something more exciting than NFT monkey jpegs.
