Key Notes

The bank's new system automates fund transfers using smart contracts, replacing manual wire transfers and reconciliations.

A broader rollout is planned for early 2026 with additional features to be introduced throughout the year.

CEO Jamie Dimon acknowledged crypto's legitimacy at a recent conference, marking a shift from his previous skepticism.

JPMorgan Chase tokenized a private-equity fund on its Kinexys blockchain platform, making the offering available to wealthy clients served by its private bank. The bank announced the development on Thursday.

The first live transaction using the new Kinexys Fund Flow system involved JPMorgan Asset Management, the Private Bank, and Kinexys Digital Assets, along with fund administrator Citco, according to the Wall Street Journal . Th

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