JPMorgan Launches Fund-Servicing on Kinexys Blockchain
JPMorgan Launches Fund-Servicing on Kinexys Blockchain
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JPMorgan has successfully executed its initial fund-servicing transaction utilizing its proprietary Kinexys blockchain platform. This innovative system employs smart contracts to automate capital calls, significantly reducing manual processes and building upon the capabilities of its existing on-chain repo tool.
JPMorgan executes first fund-servicing transaction on its Kinexys blockchain
The Kinexys system uses smart contracts to automate capital calls and reduce manual fund processes, building on an earlier onchain repo tool.