TechFlow news, October 31 — According to Crypto Ecosystems, JPMorgan successfully executed its first fund services transaction on its Kinexys blockchain. The bank's Asset & Wealth Management division, together with fund administrator Citco, used the newly launched Kinexys Fund Flow system to automatically process and record capital flows for alternative investment funds on a private blockchain. The tool tokenizes investor information and uses smart contracts to automate fund transfers between JPMorgan brokerage accounts and fund managers, replacing traditional manual reconciliation and wire transfer processes, aiming to reduce operational errors and lower industry operating costs
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