Marex has become the first clearing firm to adopt Kinexys Digital Payments, JP Morgan’s blockchain-powered settlement platform, with Brevan Howard Digital as a launch partner.
The collaboration marks a step forward in modernising post-trade infrastructure, offering clients near-instant, 24/7 settlement via programmable deposit accounts. Marex said the move would reduce settlement risk and streamline operations across the board.
“Kinexys by JP Morgan is the next generation of financial market infrastructure,” said Terry Hollingsworth, global head of futures & OTC clearing sales at Marex. “Programmable payment and settlement unlock greater asset utility and improve risk management.”
Brevan Howard Digital, the crypto-focused division of global macro investment firm Brevan Howard, joined Kinexys in 2024. Known for managing billions across traditional and digital markets, the firm has played a key role in building out the ecosystem.
“This is yet another tangible example of how blockchain technology can drive efficiency gains and strengthen risk management controls,” said Adam Gibbons, COO of Brevan Howard Digital.
Akshika Gupta, global head of client solutions at Kinexys, said the move represented “a milestone in advancing financial market infrastructure”.
The move follow’s Marex’s announcement of a strategic partnership with GFO-X, the UK’s first FCA-regulated venue for digital asset derivatives. Last week, Marex said it would join GFO-X as a participant and clearing member of LCH SA’s DigitalAssetClear, targeting a mid-September 2025 launch.
Read our how JP Morgan is rewiring capital markets from within, featuring Naveen Mallela, global co-head, JP Morgan Kinexys, from Capital Pioneer’s issue 2…
