First Abu Dhabi Financial institution completes cross-border funds testing on JPMorgan Onyx

JPMorgan’s Onyx Coin Techniques has scored one other win within the Center East with the completion of a blockchain-based cross-border funds pilot venture with First Abu Dhabi Financial institution (FAB). The pilot section was “executed seamlessly with passable response occasions,” in accordance to a press release.

The FAB pilot wound up weeks after an analogous check in Bahrain, the place Financial institution ABC had been testing the Onyx system and proceeded to a restricted launch of companies. FAB stated it was persevering with to discover the alternatives the system gives.

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