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

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

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Source: Coindesk.com

German industrial giant Siemens AG tapped global bank JPMorgan's blockchain-based payment system Onyx and SWIAT's private blockchain to issue and settle a tokenized version of its commercial paper, the companies said on Monday.

Siemens issued €100,000 worth of crypto securities under the German Electronic Securities Act (eWpG) on September 13, then redeemed it three days later. The

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The post "JP Morgan's Onyx Blockchain Used for Siemens' Digital Commercial Paper Settlement" appeared first here Coindesk.com.

Source: Coindesk.com

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