Marex First Clearing Becomes First to Employ Kinexys by J.P. Morgan in Conjunction with Brevan Howard Digital for Enhanced Payment Processing
Marex Group, a pioneer in financial sector innovation, has partnered with Brevan Howard Digital and J.P. Morgan's blockchain division, Kinexys Digital Payments, to revolutionise payment infrastructure. This collaboration aims to leverage blockchain technology for near-instant, programmable, and 24/7 settlements via blockchain deposit accounts[1][2][3].
Kinexys Digital Payments, a key component of J.P. Morgan's industry-leading blockchain business unit, offers an advanced technology that maintains the same level of security provided by traditional payment settlement rails while enabling instant settlement of payments, reducing settlement risk, time, and cost[2].
The technology allows for atomic settlements on blockchain deposit accounts, meaning assets and funds transfer simultaneously, minimising counterparty exposure and the risk of failed or delayed settlements[2]. The use of always-on, programmable blockchain infrastructure eliminates manual processes and legacy payment rails, enabling continuous (24/7) settlements that are faster and more transparent[1][2][3].
Brevan Howard Digital, the COO of which is Adam Gibbons, has been actively working with industry participants since joining Kinexys Digital Payments in 2024. They support institutional adoption by working with Marex and others to expand this blockchain ecosystem, enhancing transaction workflows and promoting automated, programmable settlements at scale[1][2][3].
Marex, the first clearing firm to use Kinexys Digital Payments' blockchain deposit accounts, stands to benefit significantly from this collaboration. The modernisation of payment infrastructure by automating and streamlining the settlement processes allows Marex and its counterparties to settle payments in near real-time, significantly lowering settlement time, costs, and counterparty risk while maintaining strong security and compliance with institutional standards[1][2][3][4].
This collaboration affirms Marex's continued focus on innovation in the financial sector and underscores its market-leading position[1][3][4]. Akshika Gupta, the Global Head of Client Solutions at Kinexys by J.P. Morgan, and Terry Hollingsworth, the Global Head of Futures & OTC Clearing Sales at Marex, are leading the charge in this groundbreaking collaboration.
In summary, the collaboration enables Marex to transition from traditional settlement processes to a scalable blockchain-based system that reduces risk by ensuring simultaneous asset and fund transfers, while improving payment speed and operational efficiency by automating and running settlements continuously on a secure, permissioned blockchain network[1][2][3][4].
[1] Marex Group Press Release, "Marex Group Collaborates with Brevan Howard Digital and J.P. Morgan's Kinexys Digital Payments to Transform Payment Infrastructure," 2025. [2] J.P. Morgan, "Kinexys Digital Payments: Revolutionising Payment Settlements," 2024. [3] Brevan Howard Digital, "Partnership with J.P. Morgan's Kinexys Digital Payments: Enhancing Institutional Adoption of Blockchain Technology," 2024. [4] Marex Group, "Innovation Leadership in the Financial Sector: Marex's Collaboration with Brevan Howard Digital and J.P. Morgan's Kinexys Digital Payments," 2025.
- Marex Group, through its collaboration with Brevan Howard Digital and J.P. Morgan's blockchain division, Kinexys Digital Payments, aims to utilize blockchain technology for risk management in finance, aiming to minimize settlement risk, time, and cost.
- This partnership is expected to revolutionize business operations by leveraging technology to achieve near-instant, programmable, and 24/7 settlements via blockchain deposit accounts, thus enhancing efficiency and transparency in financial transactions.
