JPMorgan Settles First Tokenized Treasury Transaction on Public Blockchain, Using Chainlink, Ondo Finance

JPMORGAN Chase ended his first transaction on a public blockchain – a sign of deepening a financial power plant Including in the world of web3.

The Global Bank on Wednesday settled a transaction that included tokenized US Treasury on Ondo Finance, using Chainlink to connect between private and public networks, according to a a common statement from companies. The experiment denotes the latest development of JPMORGAN -O’s decentralized finance project called Kinexys -a platform aimed at bridgeing a gap between traditional finances and def.

“Debit transaction … is not just a major turning point, but a statement about the future of finance,” said Officer O Finance Director Nathan Allman on Thursday in a statement divided by SS Decipher.

JPMORGAN and Chainlink did not immediately respond to Decrypt’s request for comment.

In the comment on DecipherColin Cunningham, head of tokenization in Chainlink Labs, noted that the JPMORGAN -O’s transaction marked “the first time the main global bank has linked its basic pay systems with public blockchain.”

“It is a fundamental step towards the future where property in the real world like American treasures can move unnoticed by public and private chains,” Cunningham wrote. “What is particularly powerful here is that the payment chain is already proven in proportion and supported by the global institutional user base – which means that it is not just a test but is a model of real adoption.”

The last push of JPMORGAN in Web3 comes because tokenization in the real world is given attraction, especially among institutional investors.

The total value locked by RWAS on Blockchain has reached $ 12 billion from the time of writing, and the property has been expanded to more than 80 decentralized financial platforms, defined Lama data shows. Meanwhile, Blackkrock’s American Institutional Digital Liquidity Fund holds nearly $ 3 billion in property, which is about 19%in the last month, as institutional investors are inserted funds into tokenized treasury, according to the data provider rwa.xyz.

JPMORGAN has experimented with distributed-leader technology since at least 2019, when he made his debut a private blockchain called JPM Coin. Later renamed KinexysHe processed approximately two billion dollars of daily transactions and raised $ 1.5 trillion in the basic property of a derivative contract, JPMORGAN said last year.

The decentralized platform was built on distributed-leader technology, with the aim of facilitating the cross-border transactions in real-time transactions, among other functions, separating transaction costs for builders and traders.

JPMORGAN is one of several financial institutions that increases its involvement in Web3 from late interference. Earlier this month, Citi has discovered a Patlrtnership with SDX Tokenize shares of private companies for rich investors.

Updated (May 14, 2025, 14:39): Adds Cunningham quote.

Edited by James Rubin