JP Morgan’s Onyx blockchain used to settle digital commercial paper from Siemens

Siemens issued 100,000 euros worth of crypto-securities under the German Electronic Securities Act (eWpG) on September 13, then bought them back three days later. Payments were made on the Onyx network using the JPM Coin system, while asset transfers were settled through the delivery versus payment (DvP) mechanism of the SWIAT network.