JPMorgan Chase has completed its first fund servicing transaction via its Kinexys blockchain, marking the system's expansion from payments and repurchase agreements to the back-office infrastructure of the private market. The bank's asset and wealth management division, in partnership with fund servicing provider Citco, used the newly launched Kinexys Fund Flow system to automatically process and record capital flows for alternative investment funds on a private blockchain. This tool tokenizes investor information and automatically transfers funds between JPMorgan's brokerage accounts and fund managers via smart contracts, replacing traditional manual reconciliation and wire transfer processes, aiming to reduce operational errors and lower industry operating costs. (TheBlcok)