JPMorgan’s public blockchain move could set a new standard for institutional finance
- JPMorgan completed its first transaction settlement on a public blockchain in early May, exchanging tokenized U.S. Treasuries on the Ondo Chain testnet.
- This milestone followed years of operating solely within private networks and builds on JPMorgan's prior blockchain pilots, amid evolving U.S. Regulatory attitudes towards cryptocurrency.
- The transaction settled via JPMorgan's Kinexys platform, Ondo Finance's tokenized Treasury fund, and Chainlink's cross-chain infrastructure using a Delivery versus Payment model.
- Chainlink's Runtime Environment ensured secure, atomic settlement that synchronizes asset and payment transfers, reducing counterparty risk and settlement delays.
- This event signals JPMorgan's shift toward integrating public blockchain technology with institutional finance, suggesting a future framework for scalable cross-chain asset settlements.
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Chainlink and Ondo Power JP Morgan’s First Tokenized Bond Deal - Crypto News Flash
JP Morgan completed its first public blockchain transaction using Chainlink and Ondo’s tokenized U.S. Treasury bonds. Chainlink enabled atomic settlement between JP Morgan’s closed system and public blockchain in real-time. JP Morgan has completed its first financial transaction on a public blockchain. What’s more interesting is that they’re not alone. Chainlink and Ondo Finance are two key partners in executing the transaction, which involves t…
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