{"id":61861,"date":"2022-05-23T14:07:36","date_gmt":"2022-05-23T11:07:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61861"},"modified":"2025-09-05T14:38:48","modified_gmt":"2025-09-05T11:38:48","slug":"bnp-paribas-joins-jpmorgans-onyx-network-according-to-reports","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bnp-paribas-joins-jpmorgans-onyx-network-according-to-reports\/","title":{"rendered":"BNP Paribas joins JPMorgan&#8217;s Onyx network, according to reports"},"content":{"rendered":"<p>The French financial conglomerate BNP Paribas has joined JPMorgan&#8217;s Onyx network, developed for <span data-descr=\"a repurchase agreement (repo) deal to buy or sell a security with an obligation to resell (buy) after a defined period at a pre-agreed price\" class=\"old_tooltip\">repo<\/span> transactions with bonds. The Financial Times reports.<\/p>\n<p>The solution uses tokenised versions of U.S. government bonds and<a href=\"https:\/\/forklog.io\/jpmorgan-reanimiroval-proekt-stejblkoina-jpm-coin\/\"> \u0441\u0442\u0435\u0439\u0431\u043b\u043a\u043e\u0438\u043d\u044b JPM Coin<\/a>. Investors utilise assets for a few hours without any actual impact on the state of their balance sheets.<\/p>\n<p><a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A1%D0%B4%D0%B5%D0%BB%D0%BA%D0%B0_%D0%A0%D0%95%D0%9F%D0%9E\">\u0421\u043e\u0433\u043b\u0430\u0448\u0435\u043d\u0438\u0435 \u0420\u0415\u041f\u041e<\/a> allows a short-term loan secured by securities. Legally this is framed as a purchase and sale.<\/p>\n<p>The tenor of the loan and settlement times are governed by a smart contract. It guarantees that cash remains in the borrower&#8217;s account, and the collateral pledged against the loan is released at the end of the deal.<\/p>\n<p>According to the FT, the bank expects to attract new participants from Europe, the United Kingdom and Asia.<\/p>\n<p>According to the Financial Times, since the launch of the Onyx solution in December 2020 its participants have completed deals totaling more than $300 billion.<\/p>\n<p>Back in June 2021, Goldman Sachs <a href=\"https:\/\/forklog.io\/goldman-sachs-provel-pervuyu-sdelku-na-blokchejn-platforme-jpmorgan\/\">\u0441\u043e\u0432\u0435\u0440\u0448\u0438\u043b<\/a> the first operations on the blockchain platform.<\/p>\n<p>Subsequently, JPMorgan, DBS and Temasek <a href=\"https:\/\/forklog.io\/jpmorgan-dbs-i-temasek-sozdadut-blokchejn-platformu-dlya-mezhbankovskih-platezhej\/\">announced<\/a> the creation of a blockchain platform for interbank payments.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French financial conglomerate BNP Paribas has joined JPMorgan&#8217;s Onyx network for repo transactions with bonds, according to the Financial Times.<\/p>\n","protected":false},"author":1,"featured_media":61862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2311,229],"class_list":["post-61861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnp-paribas","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61861"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61861\/revisions"}],"predecessor-version":[{"id":61863,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61861\/revisions\/61863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61862"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}