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Kinexys and Chainlink connect TradFi and DeFi with a test of tokenized treasury.
According to the announcement, the asset in the transaction was a short-term U.S. government bond fund (OUSG) from Ondo Finance, a tokenized treasury product, while Kinexys acted as the payment facilitator, settling through deposit accounts based on blockchain technology in its digital payment network.
The role of Chainlink in the transaction was central. Its secure off-chain computation system, Chainlink Runtime Environment (CRE), organized the atomic swap.
The system was integrated directly with Kinexys's synchronized settlement process to ensure seamless coordination between both networks and maintain high institutional standards for security and compliance.
The successful test indicates a step towards connecting traditional finance with decentralized infrastructure, using blockchain-based systems for cross-chain settlements.