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J.P. Morgan is deepening its involvement in decentralized finance (DeFi) by partnering with Marex Group and Brevan Howard Digital. The collaboration leverages J.P. Morgan’s Kinexys blockchain payments system to enhance efficiency and reduce risks in settlements. This marks another step in the bank’s evolving stance toward blockchain and digital assets.
- Marex becomes the first clearing firm to use J.P. Morgan's Kinexys blockchain deposit accounts, enhancing settlement efficiency.
- Kinexys has processed over $1.5 trillion in transactions since its inception, with a daily average of $2 billion.
- J.P. Morgan plans to introduce JPMD, a digital token representing dollar deposits, and may offer crypto-backed loans soon.
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