On May 14, 2025, Chainlink, JPMorgan, and Ondo Finance announced the successful completion of the first Delivery versus Payment (DvP) transaction between blockchains. This event marked an important step in the development of cross-chain technologies. As part of the collaboration, JPMorgan used its blockchain platform Kinexys to transfer funds, and the Ondo Chain testnet served as a platform for exchanging tokenized U.S. Treasury bills (OUSG). Chainlink provided secure coordination between systems using the Cross-Chain Interoperability Protocol (CCIP).
This transaction highlights the potential of blockchain technologies in traditional finance, allowing banks like JPMorgan to operate with public networks. Ondo Chain, designed for tokenizing real assets, has demonstrated its ability to scale institutional operations. Experts believe such initiatives may accelerate the integration of blockchain into financial systems, although the price of Chainlink (LINK) showed short-term weakness following the news.
The community reacted positively to the event, marking it as the beginning of significant changes in the financial industry. Keep track of the development of cross-chain technologies and other news in the blockchain sector by subscribing to #MiningUpdates
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