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

Siemens issued €100,000 value of crypto securities beneath the German Digital Securities Act (eWpG) on September 13, then redeemed it three days later. The funds have been carried out on the Onyx community utilizing the JPM Coin System, whereas asset transfers have been settled on the SWIAT community’s delivery-versus-payment (DvP) mechanism.