🔥 JPMorgan Settles First Transaction on Public Blockchain Using Chainlink and Ondo! 🔥
JPMorgan has just made a historic move by settling its first transaction on a public blockchain, leveraging Chainlink and Ondo Finance to move tokenized treasuries beyond its private network.
This shift marks a significant change in the bank’s approach, which previously operated exclusively on permissioned blockchains. Now, with the integration of Ondo Chain, a public blockchain designed for real-world assets, and Chainlink’s interoperability infrastructure, JPMorgan is exploring new ways to settle digital asset transactions.
The transaction involved the exchange of tokenized U.S. Treasuries on Ondo Chain, while the payment settlement was conducted on JPMorgan’s Kinexys Digital Payments permissioned network. This hybrid model could pave the way for broader institutional adoption of tokenized assets, combining the security of private networks with the transparency of public blockchains2.
With this innovation, will we see more traditional banks embracing public blockchains for financial transactions?
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