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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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crypto.news broke the news in on Wednesday, May 14, 2025.
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