$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.

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