BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report
- Date: 23-May-2022
- Source: Yahoo News
- Sector:Technology
- Country:Middle East
BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report
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French banking giant BNP Paribas (EPA) has joined JPMorgan's (JPM) blockchain-based network for fixed income market trading, according to a report by the Financial Times.
The Onyx Digital Assets network uses tokens for short-term trading in fixed income markets, enabling investors to lend out assets for as little as a few hours without them actually leaving their balance sheets.