JPMorgan's Onyx Digital Assets and Blockchain platform is processing between $1 billion and $2 billion daily, according to Tyrone Lobban, head of Onyx. Speaking at the CCData Digital Asset Summit in London, Lobban revealed that 99.9% of clients use the platform for tokenization purposes, with early adopters including Goldman Sachs and BNP Paribas. The platform has tokenized assets such as US treasury bonds, mortgage-backed securities, and cash using the JPM coin. Clients are drawn to Onyx for its ability to access intraday liquidity using tokenized collateral, which helps overcome challenges in drawing overnight credit lines. Lobban believes that intra-day repos using tokenized collateral could save the money market business around $20 million a year.