A Milestone: JPMorgan Completes First Treasury Bond Purchase on Blockchain - Two Altcoin Networks Were Used

A Milestone: JPMorgan Completes First Treasury Bond Purchase on Blockchain - Two Altcoin Networks Were Used

The post A Milestone: JPMorgan Completes First Treasury Bond Purchase on Blockchain – Two Altcoin Networks Were Used appeared on BitcoinEthereumNews.com. JPMorgan Chase, the largest bank in the United States, has long been developing its own proprietary blockchain technology and has remained loyal to this “closed loop” system, available only to its customers. However, the bank announced that it has gone beyond this approach and carried out trans…

JPMorgan Builds Its Own Blockchain Network Backed by Chainlink

In a bold departure from Ethereum-based public chains favored by most major financial institutions, JPMorgan Chase is now constructing its own private blockchain network—with key support from Chainlink and Ondo Finance. While other banks, trillion-dollar asset managers, and even Chinese state-owned banks experiment with Ethereum’s decentralized infrastructure, JPMorgan is taking a different route—one that prioritizes privacy, control, and instit…

J.P. Morgan Kinexys Digital Payments Expands to Public Chain - Markets Media

The first-of-its-kind Delivery versus Payment solution is the debut transaction on Ondo Chain’s testnet. The successful settlement of Ondo Finance’s Tokenized Fund (OUSG) with J.P. Morgan’s permissioned Kinexys Digital Payments network on the Ondo Chain network was facilitated using Chainlink as the secure cross-chain orchestration layer. The transaction highlights a scalable solution for Kinexys Digital Payments settlement rails to support the …

J.P. Morgan’s Kinexys, Ondo Finance, and Chainlink Execute First Cross-Chain Settlement on Ondo Chain News ETHNews

Collaboration bridges TradFi and DeFi, aiming to tackle liquidity fragmentation and high costs in tokenized markets. Chainlink’s cross-chain tech ensures secure, automated settlements, reducing risks and enabling institutional-grade DeFi transactions. Kinexys, a J.P. Morgan subsidiary, partnered with Ondo Finance and Chainlink to complete a cross-chain settlement of tokenized assets on Ondo Chain’s testnet. The transaction involved Ondo’s tokeni…

JPMorgan Settles First Tokenized Treasury Trade on Public Blockchain with Chainlink and Ondo

JPMorgan Chase has completed a blockchain transaction outside its private system for the first time. The deal involved tokenized U.S. Treasuries and was settled using public blockchain infrastructure, Fortune reported. The move marks a change in the bank’s approach to digital assets, which has long focused on private networks.JPMorgan Uses Chainlink for Blockchain PaymentThe transaction occurred in early May. It was conducted by Kinexys, JPMorga…