[JPMorgan Executes First Fund Services Transaction on Its Kinexys Blockchain] Odaily Planet Daily News – JPMorgan is expanding the application scope of its Kinexys blockchain from payments and repo transactions to the back-office operations of the private equity market. On Thursday, the institution announced that its Asset and Wealth Management division, in collaboration with fund administrator Citco, completed the first transaction using a new system called Kinexys Fund Flow. This system automates the recording of fund activities for alternative investment funds on a private blockchain. The tool tokenizes investor records and uses smart contracts to automatically transfer cash between JPMorgan brokerage accounts and fund managers, replacing the manual reconciliation and wire transfer methods that still dominate private equity fund operations today. The system operates on the same permissioned Kinexys network that supports JPMorgan's tokenized deposits and payment products. Kinexys Fund Flow is expected to be fully rolled out early next year, with additional features to be launched gradually by 2026. Citco stated that the technology could reduce error rates and costs across the industry, while JPMorgan sees it as part of a broader initiative to modernize the distribution and servicing of alternative assets. (The Block)