JPMorgan "first" completed a transaction on the public chain, collaborating with Ondo and Chainlink to settle tokenized assets, accelerating the integration of Decentralized Finance.

JPMorgan Chase announced a major breakthrough yesterday (14): the bank has partnered with oracle project Chainlink and Ondo Finance, a cryptocurrency project focused on real-world asset (RWA) tokenization, to successfully complete a transaction settlement on a public ledger. (Synopsis: RWA track is hot, but all monopolized by BlackRock, Fidelity, JPMorgan Chase? (Background supplement: RWA agreement Ondo Finance explosion insider: BlackRock, Morgan Stanley enter real-world assets) According to Fortune magazine reported yesterday (14), JPMorgan Chase (JPMorgan Chase) has actively embraced blockchain technology for many years, but has long adopted a "wall" strategy, only to build a private network for customers to use. However, yesterday, JPMorgan Chase announced a major breakthrough: the bank has successfully settled a transaction on a public ledger in partnership with oracle project Chainlink and Ondo Finance, a cryptocurrency project focused on real-world asset (RWA) tokenization. J.P. Morgan completed transaction settlement on public chain for the first time According to the announcement released by Ondo Finance, the transaction leveraged a number of technologies to achieve cross-chain delivery-to-payment (DvP) settlement. First, the transaction used Ondo Chain's testnet, Ondo's tokenized short-term U.S. Treasury Fund (OUSG), J.P. Morgan's blockchain deposit account on the Kinexys digital payment permissioned network, and Chainlink's secure cross-chain coordination infrastructure to successfully settle tokenized assets between the Kinexys digital payment permissioned blockchain network and Ondo Chain. Taking it a step further, the transaction uses OUSG as the asset side and Kinexys digital payments as the payment side, a DvP solution that coordinates the flow of assets and payments, driven by Chainlink running CRE. CRE is a secure off-chain computing environment designed to coordinate activity across blockchains and existing systems, and integrates the simultaneous settlement workflow of Kinexys digital payments to ensure seamless settlement between Kinexys digital payments and the Ondo Chain testnet environment, while maintaining institutional-grade security, compliance, and scalability standards. Ondo Finance further noted that the transaction is not only the first application of the Ondo Chain infrastructure, but also marks a milestone in the expansion of the settlement integration of the Kinexys platform from a fully private blockchain to a public blockchain. Chainlink Founder: A Clear Signal for the Convergence of Traditional Finance and Decentralized Finance In response to this development, JPMorgan executives also commented positively on the collaboration. Nelli Zaltsman, Head of Digital Payment Platform Settlement Solutions, JPMorgan Kinexys, commented: "By seamlessly connecting our institutional-grade payment solutions with external public and private blockchain infrastructure in a secure and deliberate manner, we can offer our customers and the broader financial ecosystem a broader range of benefits and scalable transaction settlement solutions. This cross-chain solution is a testament to the strong collaboration between different areas of the Web3 ecosystem, and we are delighted to have partnered with Ondo and Chainlink to enable the first transaction on the Ondo Chain testnet." Meanwhile, Sergey Nazarov, co-founder of Chainlink, said: "I am very excited about the partnership with JPMorgan Kinexys and Ondo Finance, which is a clear signal of the convergence of traditional and decentralized finance that we have been talking about for years. Chainlink is designed to enable the secure and reliable execution of institutional-grade transactions like this across multiple blockchains that meet the compliance requirements of large institutions such as JPMorgan Chase. It is becoming increasingly clear to global institutions that the public chain community is a huge potential market and that they need a reliable set of technical standards and cross-chain connectivity to successfully transact in this new world." Related reports JPMorgan CEO warns: U.S. debt "sooner or later" Fed or repeat the 2020 bailout script! Will Bitcoin benefit from the rise? JPMorgan Chase warns of "Trump tariff risk": the probability of global recession increases to 60%, US inflation will get out of control JPMorgan: The risk of Trump's tariff war is gradually clear, it's time to "stop selling on the high" US stocks (JPMorgan Chase completed transactions on the public chain "for the first time", cooperated with Ondo, Chainlink to settle tokenized assets, and accelerated the integration of DeFi" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".