Brevan Howard Digital (BH Digital), the digital assets arm of the asset manager, adopted Kinexys Digital Payments by JP Morgan last year for 24/7 instant cross-border payments. The firm said at the time that it hoped to encourage others in the ecosystem to join the platform.
Now Marex, one of the world’s largest non-bank futures commission merchants (FCM), is adopting the solution to settle Brevan Howard Digital’s payments. As a clearing member for many of the world’s leading exchanges, payment speed is particularly important for derivatives trading in order to promptly meet margin calls.
Kinexys Digital Payments (formerly JPM Coin) supports dollars, euros and sterling, including for programmable payments. Both parties say that Kinexys can reduce settlement risk, the time and cost of payments.
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