Yesterday, Kyriba announced that it had integrated Onyx by JP Morgan with its cloud treasury solution. Specifically, its clients with JP Morgan bank accounts can manage their JPM Coin blockchain-based accounts to send 24/7 cross-border payments to other branches.
Kyriba is a cloud based corporate treasury solution that aims to optimize liquidity. While it only has around 3,000 customers, they manage more than $15 trillion in payments annually via Kyriba’s solution. Clients include Conde Naste, Koch Industries and Spotify.
Initially, JPM Coin was only available for US dollar accounts, but it expanded to Euros last year.
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