JP Morgan Makes History, Uses Ondo, Chainlink for First Public Blockchain Deal


JPMorgan Chase completed its first transaction on a public blockchain using Ondo Finance and #Chainlink to connect private and public networks.


The landmark settlement involved tokenized U.S. Treasuries, marking a significant milestone for the bank's Kinexys platform.


"This is the first time a major global bank has connected its core payment systems to a public blockchain," said Colin Cunningham of Chainlink Labs.


The experiment demonstrates growing institutional interest in #RWA tokenization, now exceeding $12 billion in total value locked.


JPMorgan's Kinexys platform processes approximately $2 billion daily and has managed $1.5 trillion in underlying assets of derivatives contracts.

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May 14, 2025 at 10:03 PM
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