Chainlink powers the first cross-chain DvP settlement
JPMorgan’s Kinexys links with Ondo on public blockchain
Real-world assets meet permissioned payment networks
The blockchain world just took a major step forward. Chainlink, in partnership with JPMorgan’s Kinexys and Ondo Finance, has successfully executed the first-ever cross-chain Delivery-versus-Payment (DvP) settlement between a permissioned payment network and a public blockchain hosting real-world assets (RWAs).
This groundbreaking settlement showcases the growing convergence of traditional finance and blockchain technology. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) enabled the smooth, secure transfer between the private Kinexys platform and the public blockchain used by Ondo Finance.
Chainlink’s Role in Bridging the Divide
Chainlink’s CCIP played a critical role in this milestone by enabling secure interoperability between the private and public networks. For institutional players, this solves a long-standing hurdle: how to move value and data across different blockchain environments safely.
The DvP model ensures that asset delivery only occurs when payment is received, a fundamental principle in finance. Bringing this model on-chain, across two different blockchain types, is a first — and a signal of what’s coming in tokenized asset markets.
NEW: Chainlink, JPMorgan’s Kinexys & Ondo Finance complete first crosschain DvP settlement between a permissioned payment network and a public RWA blockchain. pic.twitter.com/toYffDkRuZ
— Cointelegraph (@Cointelegraph) June 12, 2025
Ondo and Kinexys: Pioneering the RWA Movement
Ondo Finance, known for tokenizing real-world assets like U.S. Treasuries and bonds, represents the public blockchain side. Kinexys, the institutional-grade platform under JPMorgan, acts on the permissioned network side. The successful DvP settlement between them is a landmark moment in integrating tokenized finance into traditional systems.
This pilot demonstrates that institutions can now safely transact tokenized assets across ecosystems without compromising security or compliance — a game-changer for adoption.
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