Marex Joins JPMorgan for 24/7 Blockchain Settlements
Marex partners with JPMorgan to offer round-the-clock blockchain settlements via Onyx Digital Assets.
- Marex becomes first clearing firm on JPMorgan’s blockchain.
- Partnership enables 24/7 tokenized asset settlements.
- JPMorgan’s Onyx Digital Assets powers the new system.
Marex, a leading global clearing firm, has teamed up with JPMorgan to revolutionize the way financial settlements are handled. By joining JPMorgan’s Onyx Digital Assets platform, Marex becomes the first clearing firm to enable 24/7 blockchain settlements for tokenized assets. This marks a significant shift in traditional financial infrastructure, which has long been bound by banking hours and legacy systems.
Onyx Digital Assets is JPMorgan’s in-house blockchain network that allows tokenized representations of cash and collateral to move quickly and securely. With Marex on board, this means that clearing and settlement can happen at any hour — not just during market hours — greatly improving efficiency and reducing settlement risk.
A Leap Toward Real-Time Financial Infrastructure
The traditional settlement process in financial markets typically involves multiple intermediaries and can take up to two days (T+2). With blockchain-based platforms like Onyx, those delays are being eliminated.
Marex will use the system to tokenize collateral and cash, then transfer them near-instantly between parties. This is a major upgrade from legacy systems, reducing both operational risk and capital costs.
This partnership reflects a broader trend in financial services: the shift from centralized, slow-moving systems to decentralized, real-time networks powered by blockchain technology. JPMorgan, through Onyx, has already processed hundreds of billions in tokenized asset transactions, and the inclusion of Marex brings clearing firms into this growing ecosystem.
What This Means for the Future
This collaboration is likely just the beginning. Other clearing firms and financial institutions may soon follow Marex’s lead, seeking faster, more transparent, and more cost-efficient ways to settle transactions.
As financial markets evolve, blockchain solutions like Onyx Digital Assets are expected to play a central role. Marex’s early move positions it as a forward-thinking player ready to meet the demands of the future.
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