跨链交易

JPMorgan completes cross-chain pilot transaction, traditional finance and decentralized ecosystem integration usher in a new transformation

JPMorgan has collaborated with Ondo Finance and Chainlink to successfully complete a cross-chain atomic settlement pilot transaction between a private chain and a public Layer-1 chain. This test not only bridges traditional finance and decentralized ecosystems but also opens new avenues for the custody and clearing of digital assets.

According to a statement on May 14, JPMorgan's blockchain division Kinexys, utilizing Ondo Finance's tokenized short-term U.S. Treasury product OUSG, successfully achieved synchronized delivery of funds (DvP) on the Ondo Chain test network, significantly reducing settlement risk.

At the same time, Chainlink's interoperability infrastructure also ensured secure communication, data consistency, and final confirmation within seconds between the two blockchain networks.

Kinexys settlement solutions manager Nelli Zaltsman noted: "By seamlessly connecting our institutional payment solutions with various blockchain infrastructures, we can provide our clients with more scalable transaction clearing services within a broader financial ecosystem."

Over the past decade, traditional DvP settlements have caused market participants more than $900 billion in efficiency losses due to system fragmentation and numerous manual processes; this pilot fully demonstrates the immense potential of real-time settlements and automated processes.

Notably, this cross-chain pilot also provides a model for cross-border transactions. In other words, global institutional clients can enjoy faster and safer business operations without being constrained by the friction caused by different jurisdictions, currencies, and regulatory rules.

Chainlink co-founder Sergey Nazarov stated that this initiative is an important milestone in connecting traditional finance with decentralized finance, and only secure public links and robust cross-chain tools can assist institutions in exploring new global markets.

With the implementation of this pilot, JPMorgan is proving to us that achieving on-chain interoperability is not out of reach; it is gradually becoming a reality and is fundamentally changing the settlement and clearing models of traditional finance.

In summary, the era of on-chain connectivity has arrived. Are you ready to welcome more traditional financial institutions as they move towards this new infrastructure wave?

#摩根大通 #跨链交易 #互操作性 #链上互联

A global settlement network based on blockchain and compliance-first principles, providing individuals and businesses with fast, secure, and low-cost cross-border payments — Velo

Velo Labs has received its second strategic investment from UOBVM, a subsidiary of United Overseas Bank (exact amount undisclosed).

As a financial giant with a market capitalization exceeding SGD 54 billion and total assets under management exceeding SGD 500 billion, United Overseas Bank will collaborate with Velo Labs to promote Web3-based financial solutions and settlement networks, facilitating global value transfer.

Velo began its partnership with Visa back in 2020, and Velo Labs, Lightnet, and Visa will co-develop payment solutions in Asia. The $VELO token will serve as a digital asset collateral for financial solutions.

Velo is a blockchain-driven financial infrastructure that connects traditional finance with Web3 applications, with key technological highlights including:

Stellar supports fast, low-cost transactions; Nova provides EVM-compatible smart contracts; Warp bridge supports cross-chain token transfers; Orbit integrates Web2 and Web3 rewards, empowering loyalty programs.

Velo partners with giants like Laos PTLH, Openeden, and Securitize to connect blockchain with real-world assets, aiming to become a leader in PayFi in Asia!

Cross-chain capabilities cover platforms such as BSC, TON, Solana, Stellar, etc., with core products: Universe, Warp, Orbit.

Expanding global financial opportunities, interoperability, and scalability! A promising future worth paying attention to!

$BTC

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Dymension is a revolutionary blockchain project dedicated to building an efficient, scalable and decentralized network ecosystem. The core concept of Dymension is to solve the performance bottlenecks and scalability problems of traditional blockchains through innovative technology and unique architecture, so that more applications and users can enjoy the benefits of blockchain.
Dymension adopts an approach called "blockchain modularization" to decompose the blockchain network into multiple independent but interoperable modules, each focusing on different functions and tasks. This design not only improves the overall performance of the network, but also enhances the flexibility and security of the system. Dymension's modular architecture allows developers to customize and optimize each module according to their needs, thereby building more targeted and efficient applications.
In Dymension's ecosystem, the most striking thing is its cross-chain interoperability. By integrating advanced cross-chain protocols, Dymension is able to achieve seamless interaction and data exchange between different blockchains. This means that users can transfer assets and smart contract operations on different blockchains without worrying about compatibility issues. Dymension's cross-chain interoperability brings greater flexibility and cooperation space to the blockchain industry.
In addition, Dymension also focuses on user experience and ease of use. The project team has developed an intuitive user interface and powerful development tools to help users and developers use and build blockchain applications more easily. Whether you are a beginner or an experienced developer, you can find the tools and resources that suit you on Dymension's platform.
Dymension's vision is to build an open, transparent and efficient blockchain ecosystem so that more people can participate and share the dividends brought by blockchain technology. Through continuous innovation and optimization, Dymension is committed to promoting the popularization and development of blockchain technology and becoming an important driving force in the blockchain industry.
Join us to witness the future of blockchain and experience the infinite possibilities brought by Dymension!
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