Author: The Financial Times

Conservative corporate treasurers are being offered blockchain solutions to legacy problems When Elon Musk revealed this year that he had invested $1.5bn of Tesla’s corporate cash in bitcoin, many grown-up financiers winced. No wonder. The world of corporate treasury management is supposed to be a deadly dull place, where safety rules. No one expects treasurers to dance with the crypto kids. But these days something striking is quietly happening on Wall Street: some grown-up bankers are starting to offer those conservative treasurers some crypto-focused solutions too. Take JPMorgan. This year, Umar Farooq, head of the bank’s Onyx project (which has…