Treasury Strategy & Transformation
Published  7 MIN READ

Out of this World Treasury Innovation

J.P. Morgan co-creates with clients to push the boundaries of digital treasury, scooping five Awards

In February 2021, J.P. Morgan’s Onyx arm announced that it had executed a blockchain payment in space. The transaction took place between satellites orbiting Earth, in a first of its kind test of the Internet of Things (IoT) payments technology.

While the test was in some ways just for fun, there are plans for both commercial and corporate use cases as space exploration continues. This willingness to think outside the limits of traditional treasury is reflected in the five TMI Corporate Recognition Awards won by J.P. Morgan clients in 2021.