The post Ondo Chain Connects to Bank Infrastructure With Help From J.P. Morgan and Chainlink appeared on BitcoinEthereumNews.com.

 Chainlink, a leading Web3 infrastructure provider, teamed up with Ondo Finance and a major global bank to pull off a seamless DvP transaction across different blockchains. The transaction used Chainlink’s cross-chain technology to securely and simultaneously settle tokenized U.S. Treasuries from Ondo Finance. Ondo Finance has announced a strategic collaboration with Chainlink and JPMorgan, marking a step forward in blockchain-based finance, enabling the first-ever cross-chain, atomic Delivery-versus-Payment (DvP) settlement of a tokenized asset. At the heart of the transaction was OUSG, a tokenized U.S. Treasury fund, which moved between Kinexys and Ondo Chain, a public Layer 1 blockchain. Chainlink’s cross-chain orchestration technology made this possible. This technology ensures assets and payments are transferred securely, simultaneously, and with full finality, even across completely different blockchain environments. It’s a clear example of how blockchain is evolving to meet the needs of real-world finance. “This milestone marks the first use of Ondo Chain’s infrastructure,” Ondo Finance stated in the X post, “and is a first-of-its-kind cross-chain, atomic DvP settlement of a tokenized asset (OUSG).” The transaction also represents an expansion for Kinexys, formerly known as Onyx, a blockchain-based platform developed by JP Morgan to modernize and streamline the movement of money, assets, and financial information, which until now operated exclusively on private, permissioned networks. This development brings Kinexys into closer alignment with public blockchain environments, blending openness with institutional-grade compliance. As Crypto News Flash reported, Ondo Chain is designed specifically to scale tokenized RWAs. By combining the transparency of public blockchains with the security and regulatory features demanded by financial institutions, it aims to serve as a backbone for institutional-grade financial markets moving on-chain. “Ondo Chain lays the foundation for compliant, scalable tokenization of global financial markets. The successful execution of this transaction represents a major milestone,” said Nathan Allman, CEO of Ondo Finance.…

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Filed under: News - @ May 15, 2025 8:28 pm