{"id":104419,"date":"2023-06-05T13:37:25","date_gmt":"2023-06-05T13:37:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/06\/05\/jpmorgan-teams-up-with-indian-banks-for-blockchain-based-settlements-bloomberg-crypto-news\/"},"modified":"2023-06-05T13:37:28","modified_gmt":"2023-06-05T13:37:28","slug":"jpmorgan-teams-up-with-indian-banks-for-blockchain-based-settlements-bloomberg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jpmorgan-teams-up-with-indian-banks-for-blockchain-based-settlements-bloomberg-crypto-news\/","title":{"rendered":"JPMorgan teams up with Indian banks for blockchain-based settlements: Bloomberg\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>JPMorgan Chase &#038; Co.  has launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx, Bloomberg reported. <\/p>\n<p><strong><em>See related articles:<\/em><\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/video-audio\/jpmorgan-onyx-jpm-coin-banking-blockchain\/\">How JPMorgan&#8217;s Onyx is redefining payments in banking with blockchain<\/a><\/p>\n<h2 class=\"wp-block-heading\">Fast facts<\/h2>\n<ul>\n<li>The pilot project <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-05\/jpmorgan-to-use-blockchain-to-settle-usd-fx-trades-in-india-hub?sref=IIP4JEyu#xj4y7vzkg\">reportedly<\/a> launched on Monday with India&#8217;s HDFC Bank, ICICI Bank, Axis Bank, Yes Bank and IndusInd Bank, aims to provide real-time transaction settlements around the clock, including on weekends and public holidays. <\/li>\n<li>Current settlement systems can take several hours for transactions to finalize.  JPMorgan and the six Indian banks hope to offer a solution to the problem by providing a faster, real-time alternative through blockchain technology. <\/li>\n<li>under <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/singapore-warms-up-crypto-industry-own-terms\/\">Project Guardian<\/a>JPMorgan is exploring blockchain-based use cases in the finance sector such as tokenization and decentralized finance (DeFi) for institutions alongside the Monetary Authority of Singapore and DBS Bank.<\/li>\n<li>Last Year, JPMorgan&#8217;s blockchain unit <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/tokenized-assets-trillions-defi-jpmorgan-onyx\/\">Onyx<\/a> announced its aim to bring trillions of dollars in tokenized assets to DeFi for use in trading, borrowing and lending, on an institutional scale.<\/li>\n<\/ul>\n<p><strong><em>See related articles: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/dbs-bank-intraday-repo-transaction\/\">Singapore&#8217;s DBS bank completes intraday repurchase transaction on JPMorgan&#8217;s blockchain-based platform<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase &#038; Co. has launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx, Bloomberg reported. See related articles: How JPMorgan&#8217;s Onyx is redefining payments in banking with blockchain Fast facts The pilot project reportedly launched on Monday with India&#8217;s HDFC Bank, ICICI Bank, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":104420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-104419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/104419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=104419"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/104419\/revisions"}],"predecessor-version":[{"id":104421,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/104419\/revisions\/104421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/104420"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=104419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=104419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=104419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}