9^th October 2024 – Brevan Howard Digital (BH Digital), the dedicated digital asset division of Brevan Howard – a leading global alternative investment manager, has been onboarded onto the JPM Coin System from Onyx by J.P. Morgan, leveraging the distributed ledger technology (DLT)-based programmable 24X7 money movement infrastructure.

• BH Digital is actively working toward onboarding several of their partners – market participants within the asset management ecosystem – onto the system to help create an ecosystem to leverage the always-on, programmable tokenized deposit infrastructure for instant and conditional settlements of payments.

• Through JPM Coin, BH Digital will be able to better address the complex challenges in the asset management industry, such as cross-border payments and liquidity funding needs.

• Programmability will enable transactions to be nearly instantly and atomically settled using blockchain deposit accounts and DLT.

Gautam Sharma, CEO & CIO, BH Digital, said, “The team at Onyx by J.P. Morgan have created an excellent DLT use case, providing clear efficiency gains for fiat transfer rails. This offers huge potential across our business, and indeed the industry more broadly. In fact, we are already working to implement JPM Coin System with a number of our partners.”

Umar Farooq, Global Co-Head, J.P. Morgan Payments, said, “We’re proud to be the leader in the industry with the first blockchain-based wholesale payments platform for commercial bank money, enhancing Brevan Howard’s business with seamless payment settlements. Our innovative financial solutions drive digital transformation for clients across all sizes, industries, and geographies.”

Claudia Jury, Global Co-Head of Sales & Marketing, J.P. Morgan, commented, “By fostering strong collaboration across J.P. Morgan, we delivered a comprehensive solution to BH Digital. This highlights the power of the firm in driving meaningful results and underscores our dedication to providing strategic outcomes for our clients. As our clients become increasingly diversified, we are delighted to partner and connect clients across the asset management industry to Onyx by J.P. Morgan.”