Banks Start Seeing Blockchain as Source of High-Quality Assets

May 31, 2022 12:35:00

BNP Paribas, a French bank, has joined a platform owned by J.P. Morgan in a bid to start leveraging digital tokens while undertaking short-term trading activities in the markets of fixed-term financial assets. This comes at a time when major banks are ramping up efforts to modernize the sector by adopting blockchain technology.

The blockchain platform, dubbed Onyx Digital Assets, has so far seen deals worth $300 billion completed since December 2020 when the platform was launched. This platform facilitates repo (or repurchase) deals…

Read More>>

As more multinational financial institutions as well as their clients join platforms such as Onyx, blockchain technology will be well on its way to becoming mainstream, and sector actors such as BIT Mining Ltd. (NYSE: BTCM) will have plenty of clients to serve.

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published:

CryptoCurrencyWire (CCW)
New York, New York
212.994.9818 Office

CryptoCurrencyWire is part of the InvestorBrandNetwork.