Marex has become the first clearing firm to integrate JPMorgan's Kinexys blockchain platform for client settlements, partnering with Brevan Howard Digital to enable 24/7 payments via blockchain deposit accounts. This partnership allows for instantaneous payment settlements, thereby reducing settlement risks, time, and costs, while ensuring security analogous to traditional payment methods. The use of Kinexys illustrates the growing institutional interest in advanced payment infrastructures that leverage blockchain technology. Nitin Gaur, an expert in digital assets, highlighted that while the closed nature of the Kinexys system limits its interoperability, it represents significant progress towards programmable payments and addresses long-standing operational inefficiencies. Furthermore, JPMorgan is reportedly exploring options to offer loans backed by clients' cryptocurrency holdings, indicating a shift towards deeper integration of digital assets in traditional banking. This development reflects JPMorgan's broader digital asset strategy and its substantial investments in blockchain technology since launching JPM Coin in 2019, now rebranded as Kinexys.

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