**Cryptocurrency and Blockchain News**

- Siemens AG and JPMorgan used the Onyx blockchain system and the private SWIAT blockchain to issue and settle a tokenized version of commercial paper.

- Siemens issued €100,000 worth of crypto securities and settled them three days later. Payments were processed through the Onyx network using the JPM Coin system, and asset transfers were processed through the SWIAT network's DvP mechanism.

- The entire process took 93 seconds from transaction confirmation to final settlement. DekaBank acted as the registrar of crypto securities.

- This event marked the beginning of a collaboration between Onyx and SWIAT to develop blockchain asset issuance products for commercial banks.

- The goal is to shorten value chains, increase transaction flexibility and speed, and make blockchain financial transactions scalable for banks.

- JPMorgan is actively involved in the tokenization of traditional financial instruments using blockchain technology for settlements.

- Onyx CEO Umar Farooq noted a significant increase in transactions using JPM Coin, reaching billions of dollars on some days.

- JPMorgan CEO Jamie Dimon acknowledged the widespread use of blockchain, although he is critical of cryptocurrencies.