based in Singapore DBS Bench, of JPMorganblockchain infrastructure on Onyxsuccessfully completed the fixed income business.
Despite the effects of the crypto bear market, blockchain initiatives continue unabated. Companies want to combine the traditional banking system with blockchain technology. Singapore, blockchain It is working hard to become the center country with its initiatives and developments. in the country DBS Bank became one of the most important banks involved in the initiatives. However Singapore takes a distant approach towards cryptocurrencies. The focus of the country is only blockchain technology. Singaporebased bank DBSmentioned his work in this field.
DBS Bank Continues Blockchain Initiatives
By market value Singapore’sthe biggest bank DBS, of JPMorganblockchain-based fixed-income trading network Onyx used. Bank, Onyx It was the first Asian bank to use it. Moreover DBS Bank, Goldman Sachs ( GS) and BNP Paribas ( EPAHe stated that he joined the international giants such as
Onyx Digital Assetsfor short-term trading in fixed-income markets tokens uses. This way, investors can lend their assets hours before they leave their balance sheets. onyx, repoIt came to the forefront with its operations in a few hours.
