
Zach Rynes | CLG|May 14, 2025 14:00
J.P. Morgan 🤝 Chainlink 🤝 Ondo
Today, @jpmorgan announced the successful completion of a cross-chain Delivery versus Payment (DvP) transaction between Kinexys and @OndoFinance, powered by @Chainlink
In this transaction, a tokenized U.S. Treasuries Fund (OUSG) on the public Ondo Chain testnet was exchanged for a payment on J.P. Morgan’s permissioned blockchain platform Kinexys
End-to-end settlement was powered by the Chainlink Runtime Environment (CRE), which orchestrated the DvP transaction workflow between the two blockchains
This transaction was not only the first debut transaction on the Ondo Chain that testnet, but marked the first time J.P. Morgan has expanded the Kinexys platform’s settlement capabilities to a public chain
Net result? Chainlink enables a larger pool of buyers to purchase tokenized assets by connecting public chains to the world’s largest financial institutions and their payment settlement infrastructure
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