Catenaa, Monday, November 03, 2025-JPMorgan has executed its first fund-servicing transaction using its Kinexys blockchain, expanding the system beyond payments and repo trading into private market operations.
The transaction, completed with fund administrator Citco, leveraged Kinexys Fund Flow, a platform that automates and records capital activity for alternative investment funds using smart contracts.
The system tokenizes investor records and moves cash automatically between JPMorgan brokerage accounts and fund managers, replacing manual reconciliations and wire transfers common in private-fund operations.
JPMorgan said the rollout, expected to expand early next year with new features through 2026, could reduce errors and costs across the asset management industry.
Kinexys Fund Flow builds on JPMorgan’s earlier onchain repo tool, signaling a broader institutional embrace of blockchain infrastructure.
The move illustrates a shift in JPMorgan’s approach, from past skepticism toward blockchain and crypto to integrating decentralized tools into its operational backbone.
The bank’s earlier Kinexys products, including tokenized deposits and on-chain intraday repo solutions, laid the groundwork for this adoption by demonstrating the benefits of real-time, automated financial processes.
