JPMorgan completes first public tokenized treasury trade in partnership with Ondo Finance, Chainlink
The post JPMorgan completes first public tokenized treasury trade in partnership with Ondo Finance, Chainlink appeared on BitcoinEthereumNews.com. Key Takeaways JPMorgan completed its first public tokenized treasury trade on Ondo blockchain, using Chainlink’s protocol. This development marks JPMorgan’s first interaction with a public blockchain, moving away from a private network. JPMorgan Chase has completed its structured transaction on a public blockchain for the first time after years of operating exclusively within private, permissioned networks tailored to institutional clients, according to a Wednesday press release. The testnet transaction was conducted in partnership with Ondo Finance, a major player in real-world asset (RWA) tokenization, and Chainlink, the leading cross-chain oracle network, using infrastructure provided by both firms and executed through JPMorgan’s blockchain division, Kinexys. According to the companies, the trade involved the exchange of tokenized short-term US Treasuries issued on Ondo Chain, a newly launched layer 1 blockchain purpose-built for scalable, institutional-grade RWA issuance. The payment leg of the transaction was processed through Kinexys Digital Payments, JPMorgan’s permissioned blockchain network, with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE) coordinating the cross-chain settlement. “By securely and thoughtfully connecting our institutional payments solution with both external public and private blockchain infrastructures seamlessly, we can offer our clients and the broader financial ecosystem a wider range of benefits and scalable solutions for settling transactions,” said Nelli Zaltsman, head of platform settlement solutions at Kinexys. The move represents a key advance as the Delivery versus Payment (DvP) model, which was used to settle the transaction to ensure that the asset and payment are exchanged simultaneously while reducing counterparty risk, is rarely executed successfully across separate blockchain networks. This DvP transaction was enabled through Chainlink’s cross-chain infrastructure, allowing secure, atomic settlement between JPMorgan’s private network and Ondo’s public blockchain. The testnet transaction shows that real-world assets can now be issued, traded, and settled on-chain using compliant infrastructure, said Nathan Allman, CEO of Ondo…
The post JPMorgan completes first public tokenized treasury trade in partnership with Ondo Finance, Chainlink appeared on BitcoinEthereumNews.com.
Key Takeaways JPMorgan completed its first public tokenized treasury trade on Ondo blockchain, using Chainlink’s protocol. This development marks JPMorgan’s first interaction with a public blockchain, moving away from a private network. JPMorgan Chase has completed its structured transaction on a public blockchain for the first time after years of operating exclusively within private, permissioned networks tailored to institutional clients, according to a Wednesday press release. The testnet transaction was conducted in partnership with Ondo Finance, a major player in real-world asset (RWA) tokenization, and Chainlink, the leading cross-chain oracle network, using infrastructure provided by both firms and executed through JPMorgan’s blockchain division, Kinexys. According to the companies, the trade involved the exchange of tokenized short-term US Treasuries issued on Ondo Chain, a newly launched layer 1 blockchain purpose-built for scalable, institutional-grade RWA issuance. The payment leg of the transaction was processed through Kinexys Digital Payments, JPMorgan’s permissioned blockchain network, with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE) coordinating the cross-chain settlement. “By securely and thoughtfully connecting our institutional payments solution with both external public and private blockchain infrastructures seamlessly, we can offer our clients and the broader financial ecosystem a wider range of benefits and scalable solutions for settling transactions,” said Nelli Zaltsman, head of platform settlement solutions at Kinexys. The move represents a key advance as the Delivery versus Payment (DvP) model, which was used to settle the transaction to ensure that the asset and payment are exchanged simultaneously while reducing counterparty risk, is rarely executed successfully across separate blockchain networks. This DvP transaction was enabled through Chainlink’s cross-chain infrastructure, allowing secure, atomic settlement between JPMorgan’s private network and Ondo’s public blockchain. The testnet transaction shows that real-world assets can now be issued, traded, and settled on-chain using compliant infrastructure, said Nathan Allman, CEO of Ondo…
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