Finance, Brevan Howard, JPMorgan, Settlement, Exclusive, News The initiative is aimed at modernizing payment infrastructure and reducing settlement risk, Marex said. 

Marex (MRX), a global financial services platform, has become the first clearing firm to integrate Kinexys Digital Payments, a blockchain-based settlement system developed by JPMorgan (JPM), through a collaboration with Brevan Howard Digital, the company said in a press release on Wednesday.

The initiative is aimed at modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology, the company said.

Kinexys is part of JPMorgan’s broader push into digital assets and allows for near-instant settlement through blockchain deposit accounts, marking a significant shift from legacy rails to 24/7 digital clearing mechanisms.

Brevan Howard Digital, which joined the Kinexys network in 2024, has been collaborating with partners to develop a broader ecosystem for blockchain-based financial services.

Marex’s adoption of the platform underscores its commitment to streamlining operations and enhancing client service via next-gen infrastructure.

“Kinexys by JPMorgan is the next generation of financial market infrastructure,” said Terry Hollingsworth, Marex’s global head of futures and over-the-counter (OTC) clearing sales, in the release.

Akshika Gupta, global head of client solutions at Kinexys, said “24/7 settlements represents a significant milestone in the advancement of financial market infrastructure,” reaffirming the firm’s role in pushing forward institutional-grade blockchain solutions.

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