In a symbolic advancement, JPMorgan Chase has just completed its first tokenized asset transaction on a public blockchain, marking a deeper transition of this bank into the world of Web3 and decentralized finance (DeFi).


Specifically, #JPMorgan has executed a transaction with tokenized US treasury bonds through the Ondo Finance platform, using Chainlink as a bridge between traditional payment systems and public blockchain. This activity is part of the Kinexys project – a years-long effort to connect traditional finance with DeFi through distributed ledger technology.


A representative from Chainlink Labs stated:



"This is the first time a major global bank has connected its core payment system to a public blockchain – a foundational step towards enabling real assets like US bonds to move seamlessly across chains and systems."



Notably, this is not just an experiment, but a model that can be applied in practice, thanks to JPMorgan's large-scale payment system and its vast global institutional customer base.


Reasons the market is paying attention:



  • The value of real assets (RWAs) tokenized on the blockchain has now exceeded $12 billion, distributed across more than 80 DeFi platforms.



  • BlackRock's USD Institutional Digital Liquidity Fund currently holds nearly $3 billion in assets, a 19% increase in the past month.


  • At the same time, major financial institutions like Citi are also entering the race by announcing plans to tokenize private company equity for wealthy investors.




About Kinexys – JPMorgan's long-term strategy:



  • Originating from #JPM Coin launched in 2019, the Kinexys platform now processes approximately $2 billion in transaction volume daily, with a total underlying asset value of $1.5 trillion.


  • The goal of Kinexys is to build a global trading system that operates continuously 24/7, almost instantaneously, with low costs and developer-friendly.




Connection to the crypto market:

JPMorgan – a "giant" in traditional finance – officially connecting its system with a public blockchain can be seen as an extremely strong signal that tokenized real assets (tokenized RWAs) will be the future of global finance. This not only opens up opportunities for current crypto users but also bridges traditional investors and Web3.


For users on Binance or other blockchain platforms, the wave of tokenization of real assets will open up investment opportunities in bonds, stocks, real estate... in the form of tokens – something that was previously reserved for institutional investors.


Risk warning:

Although the potential of tokenized assets is enormous, the crypto market still poses many risks regarding legality, price volatility, and technology. Users need to research thoroughly before participating in investments, as not all Web3 assets are secure or transparent as expected. Crypto is a high-risk area and is not suitable for everyone.#anhbacong