BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report

BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

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.