- Brevan Howard Digital adopted Kinexys Digital Payments by JP Morgan for instant, cross-border settlements.
- Marex will now use Kinexys to process Brevan Howard Digital payments, focusing on faster derivatives trade settlement.
- Kinexys Digital Payments, formerly called JPM Coin, supports instant transactions in US dollars, euros, and pounds sterling.
- Both companies state that Kinexys reduces settlement risk and cuts time and costs of payments.
- Blockchain technology is credited with improving efficiency and risk management in these financial operations.
Brevan Howard Digital, the digital asset division of the well-known asset manager, began using JP Morgan’s Kinexys Digital Payments platform last year in order to process 24/7 instant cross-border payments. The firm aimed to encourage others within the sector to join the solution to drive broader adoption.
Now, Marex, one of the largest non-bank futures commission merchants, will use Kinexys to settle payments for Brevan Howard Digital. According to the companies, payment speed is essential in derivatives trading, especially when there’s a need to quickly meet margin calls.
Kinexys Digital Payments, previously known as JPM Coin, allows clients to make programmable payments in U.S. dollars, euros, and pounds. Both Brevan Howard Digital and Marex report that using Kinexys reduces settlement risks as well as the time and costs involved in processing cross-border transactions.
“This is yet another tangible example of how blockchain technology can drive efficiency gains and strengthen risk management controls,” said Adam Gibbons, COO at Brevan Howard Digital. “At Brevan Howard Digital, we remain at the forefront of adopting innovative digital solutions to help deliver the best possible outcomes for our clients.”
As a clearing member for many top global exchanges, Marex stresses the need for speed in settling derivatives trades, especially to handle margin call obligations quickly. Kinexys provides programmable payment features and operates continuously without restrictions from banking hours.
Blockchain solutions like Kinexys are increasingly being implemented in capital markets to streamline payment systems and reduce operational friction. Both companies believe this technology brings positive impacts to their payment processes by increasing transparency and reliability.
For more on Marex, visit the official Marex website.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Bitcoin Slides Despite Dalio Boost as SEC Unveils Bold ‘Project Crypto’
- Bitcoin Signals Hidden Danger Zone at $105K Amid Volatile Markets
- vCISO Adoption Soars 319% as SMBs Drive Demand, AI Powers Growth
- SBI Holdings Files XRP, Bitcoin ETF Applications in Japan
- Matera, Circle Partner to Help Banks Offer Stablecoins Easily
