Overview
- Aon completed a proof‑of‑concept settling selected insurance premiums using USDC on Ethereum and PayPal USD on Solana.
- The broker partnered with Coinbase for exchange functions and Paxos for infrastructure to execute the on‑chain payments.
- Aon reported near‑instant settlement and transparent ledger records compared with multi‑day bank clearing for cross‑border transfers.
- The exercise was run in a controlled environment under Aon’s internal frameworks and is described as the first known case for a major global broker.
- The pilot reflects growing institutional tests encouraged by the 2025 GENIUS Act, with policy debates continuing in the U.S. and some regulators abroad weighing tighter stablecoin rules.