JPMorgan has successfully executed its inaugural fund services transaction on the Kinexys blockchain, marking a significant expansion of its blockchain applications beyond payments and repo transactions. In partnership with Citco, the bank introduced the Kinexys Fund Flow system, which leverages tokenized investor records and smart contracts to automate capital activities for alternative investment funds. This innovation aims to replace traditional manual processes, enhancing efficiency and reducing errors. The Kinexys Fund Flow system is scheduled for a broader rollout early next year, with additional features expected to be introduced before 2026. This development underscores JPMorgan's commitment to integrating blockchain technology into private market back-office operations, aiming to streamline processes and cut costs.