JPMorgan Completes First Blockchain-Based Private Fund Transaction Amid Tokenization Push
JPMorgan said Thursday it had debuted a new blockchain-based tool that streamlines distribution and servicing of alternative investment funds as the bank pushes deeper into tokenization. The platform, dubbed Kinexys Fund Flow and developed by the bank's digital asset arm Kinexys by JPMorgan, aims to give fund managers, transfer agents and distributors a shared, real-time view of investor activity while reducing manual reconciliation and cutting delays in capital movement. The first live transaction with ...