French bank BNP Paribas joins JPMorgan’s Onyx blockchain

Home / French bank BNP Paribas joins JPMorgan’s Onyx blockchain

According to the Financial Times, French bank BNP Paribas has become a JPMorgan blockchain client for bond repurchase transactions.
The Onyx Digital Assets network uses tokens for short-term trading in fixed-income markets, allowing investors to lend assets for just a few hours, effectively leaving them on their balance sheets.
Goldman Sachs had also previously used the JPMorgan network for similar trading.
“We see this as part of our efforts to use technology throughout the life cycle of trading and transactions as the market evolves,” said BNP Paribas Chief Operating Officer for Global Markets Joe Bonneau.

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