$BTC JPMorgan has completed its first transaction on a public blockchain, showcasing its growing involvement in the Web3 space. The global bank recently executed a transaction involving the tokenization of U.S. Treasury bonds on Ondo Finance, leveraging Chainlink to connect private and public networks. This initiative is part of JPMorgan's Kinexys project, aimed at bridging traditional finance with decentralized finance (DeFi). Ondo Finance CEO Nathan Allman described the transaction as an important step toward the financial future. Colin Cunningham from Chainlink Labs emphasized the historical significance of JPMorgan integrating its core payment systems with public blockchains. The bank's entry into Web3 aligns with the rising trend of tokenization of real-world assets, attracting institutional investors. JPMorgan's previous attempts in distributed ledger technology, such as JPM Coin, laid the groundwork for its current initiatives to facilitate cross-border transactions efficiently and cost-effectively.