Marex becomes first clearing firm to use JPMorgan's Kinexys for digital payments
0
Marex is the first clearing firm to use Kinexys Digital Payments' blockchain deposit accounts to facilitate more streamlined processes with clients. Since joining Kinexys Digital Payments in 2024, Brevan Howard Digital has been actively working with industry participants to help create an ecosystem to utilize the always-on, programmable blockchain infrastructure. This collaboration with Brevan Howard Digital affirms Marex's position as a market leader in innovation, implementing new technologies to better serve its clients and bring new efficiencies to financial markets.
Kinexys Digital Payments, part of J.P. Morgan's industry-leading blockchain business unit, enables counterparties to facilitate instant, programmable 24/7 settlements in near real-time using its network of blockchain deposit accounts. Using this technology, Marex and Brevan Howard Digital can settle payments instantly, reducing settlement risk, time and cost, whilst maintaining the same level of security provided by traditional payment settlement rails.
Terry Hollingsworth, Global Head of Futures & OTC Clearing Sales at Marex, commented, 'Kinexys by J.P. Morgan is the next generation of financial market infrastructure. By enabling programmable payment and settlement, the platform leverages automation to unlock asset utility and reduce risk. As a firm with innovation and client service at our core, we are proud to collaborate with Brevan Howard Digital on this forward-looking initiative, bringing greater operational efficiency to our clients as well as the wider market.'
Adam Gibbons, COO at Brevan Howard Digital, commented, 'This is yet another tangible example of how blockchain technology can drive efficiency gains and strengthen risk management controls. At Brevan Howard Digital, we remain at the forefront of adopting innovative digital solutions to help deliver the best possible outcomes for our clients. Our collaboration with the teams at both of these organisations is a clear demonstration of that commitment.'
Akshika Gupta, Global Head of Client Solutions at Kinexys by J.P. Morgan, said, 'Marex and Brevan Howard Digital utilizing the growing Kinexys Digital Payments network to make seamless, 24/7 settlements represents a significant milestone in the advancement of financial market infrastructure. We have been a pioneer in digital payments on blockchain, and this work highlights our dedication to continuing to drive progress and deliver cutting-edge infrastructure for our clients and the industry at large.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
3 minutes ago
- Scottish Sun
Jeremy Clarkson launches new version of UK favourite product only available to customers of his pub
DIDDLY SQUIRT Jeremy Clarkson launches new version of UK favourite product only available to customers of his pub Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) JEREMY Clarkson is to finally offer tomato ketchup to punters at his The Farmer's Dog boozer after a UK firm produced an all-British one. TV star Jezza, 65, will also flog bottles of the condiment at his Diddly Squat farm as it meets his UK-only ingredients condition. Sign up for the Entertainment newsletter Sign up 2 Jeremy Clarkson is to finally offer tomato ketchup to punters at his boozer after a UK firm produced an all-British one An Isle of Wight company took on the challenge after the subject arose on Clarkson's Farm. It came after thousands of requests for ketchup at Jezza's pub in Burford, Oxon, saw staff put up a sign urging diners not to bother asking for it. The firm, Condimaniac, uses Isle of Wight tomato passata, apple cider vinegar from Hants, Essex salt and British sugar and onions. Boss Kier Kemp said: 'Making a 100 per cent British ketchup after Jeremy Clarkson alerted us to the fact there wasn't one was very hard. "We had to put on our big boy pants.' The firm made 1,700 bottles for its first order to be sold at the pub's one-stop butcher and bottle shop and at Clarkson's farm in Chipping Norton. The firm's own supplies of the £7.95 red sauce have sold out. A source close to Clarkson's pub said: 'Jeremy and the team support the British food and farming industry. 'So he made no apologies for not selling ketchup, no matter how many times staff had to let customers down. 'But the pub's always said that if a British company could do it with all-British ingredients, it would get on the menu. Clarkson's Farm star Harriet Cowan admits she is 'not making any money from farming' despite show appearance 'Hopefully it'll be a success.'
Reuters
3 minutes ago
- Reuters
CoreWeave beats quarterly revenue estimates on sturdy AI demand
Aug 12 (Reuters) - CoreWeave (CRWV.O), opens new tab beat Wall Street estimates for second-quarter revenue on Tuesday, driven by accelerating demand for the Nvidia-backed (NVDA.O), opens new tab AI cloud computing firm's services. The company offers access to data centers and Nvidia chips, which are highly coveted for training and running large AI models amid intense competition. CoreWeave, which currently has 33 AI data centers up and running across the U.S. and Europe, focuses solely on GPU-based operations. Revenue backlog was $30.1 billion as of June 30, the company said. The company reported revenue of $1.21 billion for the second quarter, compared with analysts' average estimate of $1.08 billion, according to data compiled by LSEG.
The Sun
3 minutes ago
- The Sun
Mikel Arteta lands new job alongside Arsenal manager's role and vows to ‘disrupt the game at the top level'
MIKEL ARTETA has landed himself a new job alongside his role as Arsenal manager. The Gunners boss will balance trying to compete for trophies with becoming Under Armour's new Director of Performance. 1 Arteta, 43, will join the sportswear brand in a role that will see him "bring elite leadership, tactical insight and a relentless drive for performance to the brand's global football vision". The Spaniard will have a hand in product development, talent identification and leadership to try and grow Under Armour's presence in football. While he will also mentor and guide the "next wave of disruptive athletes" signed by Under Armour. The partnership will also see the former midfielder drive grassroots community impact across London. Arteta will have full focus on his Arsenal side for now as he gears up for this Sunday's heavyweight clash against Manchester United to open the Gunners' Premier League campaign. Arteta's side will travel to Old Trafford, where they look to get off to a winning start after a summer of heavy spending. The manager has been backed to the tune of £208m to bring in the likes of Viktor Gyokeres, Noni Madueke and Martin Zubimendi. And pressure will be mounting on him to deliver silverware FA Cup success. Arsenal's transfer deals IN Viktor Gyökeres - from Sporting Lisbon - £72m Noni Madueke - from Chelsea - £52m Martin Zubimendi - from Real Sociedad - £51m Christian Norgaard - from Brentford - £15m Cristhian Mosquera - from Valencia - £13m Kepa Arrizabalaga - from Chelsea - £5m TOTAL - £208m OUT Nuno Taveres - to Lazio - £4.4m Marquinhos - to Cruzeiro - £2.6m Jorginho - to Flamengo - free Kieran Tierney - to Celtic - free Takehiro Tomiyasu - released Thomas Partey - released TOTAL - £7m ARSENAL TRANSFER NEWS LIVE There will be a serious test from the off for Arteta and his side with games against Man Utd, Liverpool, Man City, Newcastle and Nottingham Forest falling in their first six fixtures of the season. But Arteta is convinced that he has the weapons in his arsenal to hurt any team after his summer business. Arsenal make major change to Emirates stadium just days before new Premier League season Speaking after Arsenal's 3-0 pre-season victory over Athletic Bilbao on Saturday, he said: "In every position now, we have a different quality. "A lot of players that can play in various positions as well with a lot of versatility, bringing different kinds of qualities and threats to the team. 'So, we're going to manage that in the best possible way to maintain everybody with the right cohesion, hunger and the fact that at any moment we can change the puzzle and make it very difficult for the opposition."
