CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Defiant 2025-05-15 06:05:21

$4 Trillion JPMorgan Settles Tokenized U.S. Treasuries Using Chainlink, Ondo in First Public Blockchain Transaction

JPMorgan Chase, a $4 trillion asset manager, has executed its first public blockchain transaction, settling a tokenized U.S. Treasuries trade using Ondo Finance's OUSG fund and Chainlink technology. The transaction, an atomic DvP settlement, marks the debut on Ondo Chain's testnet and signifies a shift from JPMorgan's usual private-chain approach to integrating its Kinexys Digital Payments network with the public Ondo Chain through Chainlink's Cross-Chain Interoperability Protocol (CCIP). This move represents JPMorgan's first step into settling transactions on a public blockchain, following years of development in its own blockchain technology, which has been primarily focused on private networks. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.