Institutions building blockchain rails

Big banks and market-infrastructure firms are putting more money through blockchain systems built for mainstream finance, not retail crypto. (jpmorganchase.com) JPMorgan said in its 2025 annual report, released in April 2026, that Kinexys now processes more than $5 billion a day in institutional payments and settlement. Its 2024 annual report, released in April 2025, put that figure at more than $2 billion a day. (jpmorganchase.com, jpmorganchase.com) That change implies volumes rose by about two and a half times year over year, based on JPMorgan’s own disclosed daily figures. The bank also said it launched JPM Coin on a public blockchain in 2025, alongside the expansion of Kinexys. (jpmorganchase.com) Blockchain in this context is a shared ledger: a transaction record multiple parties can update and check without waiting for each firm to reconcile its own books. Banks use it to move cash or securities faster between institutions, especially outside normal market hours. (jpmorganchase.com, broadridge.com) Broadridge is building the other side of that stack: the servicing, recordkeeping and investor-information tools that wealth firms need once digital assets exist on those rails. In March 2025, it launched Digital Asset Solutions, including ClearFi, a platform first introduced in October 2024 to help advisers and investors monitor crypto and tokenized holdings. (broadridge.com, prnewswire.com) Broadridge has also tied digital assets directly to market plumbing. On April 8, 2026, it said it was live with on-chain governance for tokenized equities, starting with proxy voting recorded on its Avalanche-based layer-1 network and distributed across multiple blockchains. (prnewswire.com) The firm says tokenization is already moving beyond pilots in one corner of finance. Broadridge says its infrastructure supports more than $8 trillion in monthly tokenized repurchase agreement transactions, a short-term funding market where securities are exchanged for cash and then bought back later. (broadridge.com) Its own industry survey points in the same direction. Broadridge said in September 2025 that live participation in distributed-ledger projects had risen 800% since 2020, 45% of banks had issued a digital asset in the prior 12 months, and digital-asset adoption was growing at two to four times annually. (broadridge.com) The pitch from incumbents is less about speculative trading than about replacing slow back-office steps with always-on settlement, custody and reporting systems. The test in 2026 is whether higher volumes at firms like JPMorgan turn into broader client use across payments, securities servicing and wealth accounts. (jpmorganchase.com, broadridge.com)