News, on May 24, according to TokenFi, JPMorgan Chase, one of the world's largest banks, completed its first settlement of U.S. Treasury bonds on a public blockchain. This transaction utilized tokenized U.S. Treasury bonds from Ondo Finance and connected JPMorgan's internal private system to the public Ethereum network via Chainlink's Cross-Chain Interoperability Protocol (CCIP). This marks the beginning of traditional financial institutions processing real-world assets (RWA) on public blockchains. According to DeFiLlama data, the total value of tokenized real-world assets locked has surpassed $12 billion, distributed across more than 80 different platforms. BlackRock's tokenized money market fund currently holds nearly $3 billion, while the demand for tokenization backed by U.S. Treasury bonds from Ondo Finance is also surging.

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