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JP Morgan's Onyx Blockchain Used for Siemens' Digital Commercial Paper Settlement

The transaction was a milestone for Onyx and SWIAT, which are collaborating to develop digital asset issuance products on blockchain rails for commercial banks.

By Krisztian Sandor|Edited by Stephen Alpher

Updated Sep 23, 2024, 9:04 p.m. Published Sep 23, 2024, 6:43 p.m.

CEO Jamie Dimon's JPMorgan Chase & Co. has aided in the tokenization of commercial paper through its Onyx unit. (Jesse Hamilton/CoinDesk)