The transaction was completed with help from Citco, which provides a range of asset management services.
JPMorgan has launched Kinexys Fund Flow, a blockchain-based platform that automates fund transactions and investor recordkeeping for alternative investment products.
JPMorgan has introduced Kinexys Fund Flow, a platform designed to automate and record capital activity for alternative investment funds.
The bank said its asset and wealth management divisions, alongside fund administrator Citco, completed the first private equity fund transaction using the platform.
Kinexys Fund Flow, developed by JPMorgan’s digital asset arm, aims to streamline capital distribution and servicing by providing fund managers, transfer agents, and distributors with a shared, real-time view of investor activity. It aims to eliminate the manual processes that slows down capital movement.
The platform tokenizes investor records and employs smart contracts to automatically transfer cash between JPMorgan brokerage accounts and fund managers. It is also built on the permissioned Kinexys network, which supports JPMorgan’s tokenized-deposit and payments products.
JPMorgan’s Asset Management head of global alternative investment solutions, Anton Pil, shared that Kinexys Fund Flow represents a major step toward transforming how investors allocate and manage private fund portfolios.
The bank added that the platform currently serves wealthy clients through its private bank, with plans for a wider launch in 2026.
JPMorgan’s push into tokenization is not new. The bank has been building blockchain-based financial infrastructure since 2019, when it launched its Onyx division, which rebranded to Kinexys in 2024.
The bank also began expanding its tokenization efforts in 2025 by testing transactions in partnership with Ondo Finance and Chainlink.
In May, its Kinexys Digital Payments unit executed a Delivery versus Payment (DvP) test on Ondo Chain’s public testnet, using Ondo Finance’s tokenized US Treasuries fund, OUSG, for the asset leg and Kinexys for payments. The test marked Kinexys’s first transaction on a public blockchain.
JPMorgan also recently announced plans to allow Bitcoin and Ethereum as collateral for institutional loans.
