Overview
- The London-based broker completed a controlled proof-of-concept settling selected insurance premiums using USDC on Ethereum and PYUSD on Solana.
- Coinbase supported exchange functions for the transactions, while Paxos provided blockchain infrastructure services.
- Aon described the exercise as the first known case of a major global insurance broker accepting stablecoins for premium settlement in a demonstration setting.
- The pilot highlighted near‑instant transfers and transparent public ledger records compared with multi‑day bank clearing, particularly for cross‑border flows.
- The company framed the work as exploratory and said it will evaluate integration with existing systems, compliance requirements, custody, and potential efficiency gains before considering broader use.