JP Morgan: Stripe of Private Markets?

J.P. Morgan made private equity history on-chain by launching Kinexys Fund Flow.

It offered high-net-worth clients served by JPM Private Bank direct digital ownership of fund shares, with a broader Kinexys rollout planned for 2026 into real estate, infrastructure and private credit. [NEWS]

This is the world’s largest bank turning LP stakes into tokens.

Let’s unpack.