JPMorgan Settles First Tokenized Treasury Transaction on Public Blockchain, Using Chainlink, Ondo Finance
The post JPMorgan Settles First Tokenized Treasury Transaction on Public Blockchain, Using Chainlink, Ondo Finance appeared on BitcoinEthereumNews.com. In brief JPMorgan Chase settled its first transaction on a public blockchain this week. The transaction comes roughly six years after the Financial titan debuted its decentralized platform, JPM Coin. It marks JPMorgan’s deepening push into blockchain technology as institutional investors embrace tokenized real-world assets. JPMorgan Chase has completed its first transaction on a public blockchain—a sign of the financial powerhouse’s deepening involvement with the Web3 world. The global bank on Wednesday settled a transaction involving tokenized U.S. Treasuries on Ondo Finance, using Chainlink to connect between private and public networks, according to a joint statement from the companies. The experiment marks the latest development in JPMorgan’s decentralized finance project called Kinexys—a platform that aims to bridge the gap between traditional finance and DeFi. “The debut transaction…isn’t just a major milestone, it’s a statement about the future of finance,” Ondo Finance CEO Nathan Allman said Thursday in a statement shared with Decrypt. JPMorgan and Chainlink didn’t immediately respond to Decrypt’s request for comment. In a comment to Decrypt, Colin Cunningham, head of tokenization at Chainlink Labs noted that JPMorgan’s transaction marked “the first time a major global bank has connected its core payment systems to a public blockchain.” “It’s a foundational step toward a future where real-world assets like U.S. Treasuries can move seamlessly across public and private chains,” Cunningham wrote. “What’s especially powerful here is that JPMorgan’s payments chain is already proven at scale and supported by a global institutional user base—which means this isn’t just a test, it’s a model for real adoption.” JPMorgan’s latest push into Web3 comes as real-world-asset tokenization gains traction, particularly among institutional investors. The total-value locked of RWAs on blockchains topped $12 billion as of the time of writing, with assets spread across more than 80 decentralized finance platforms, DeFi Llama data…
The post JPMorgan Settles First Tokenized Treasury Transaction on Public Blockchain, Using Chainlink, Ondo Finance appeared on BitcoinEthereumNews.com.
In brief JPMorgan Chase settled its first transaction on a public blockchain this week. The transaction comes roughly six years after the Financial titan debuted its decentralized platform, JPM Coin. It marks JPMorgan’s deepening push into blockchain technology as institutional investors embrace tokenized real-world assets. JPMorgan Chase has completed its first transaction on a public blockchain—a sign of the financial powerhouse’s deepening involvement with the Web3 world. The global bank on Wednesday settled a transaction involving tokenized U.S. Treasuries on Ondo Finance, using Chainlink to connect between private and public networks, according to a joint statement from the companies. The experiment marks the latest development in JPMorgan’s decentralized finance project called Kinexys—a platform that aims to bridge the gap between traditional finance and DeFi. “The debut transaction…isn’t just a major milestone, it’s a statement about the future of finance,” Ondo Finance CEO Nathan Allman said Thursday in a statement shared with Decrypt. JPMorgan and Chainlink didn’t immediately respond to Decrypt’s request for comment. In a comment to Decrypt, Colin Cunningham, head of tokenization at Chainlink Labs noted that JPMorgan’s transaction marked “the first time a major global bank has connected its core payment systems to a public blockchain.” “It’s a foundational step toward a future where real-world assets like U.S. Treasuries can move seamlessly across public and private chains,” Cunningham wrote. “What’s especially powerful here is that JPMorgan’s payments chain is already proven at scale and supported by a global institutional user base—which means this isn’t just a test, it’s a model for real adoption.” JPMorgan’s latest push into Web3 comes as real-world-asset tokenization gains traction, particularly among institutional investors. The total-value locked of RWAs on blockchains topped $12 billion as of the time of writing, with assets spread across more than 80 decentralized finance platforms, DeFi Llama data…
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