JPMorgan executed its first transaction on a public blockchain

On May 14, 2025, JPMorgan Chase took a historic step by successfully completing the first transaction on a public blockchain. In collaboration with Chainlink and Ondo Finance, the bank executed a Delivery versus Payment (DvP) operation using its Kinexys Digital Payments platform. The transaction involved tokenized U.S. short-term treasury bonds (OUSG) on the Ondo Chain test network, with Chainlink providing cross-chain interoperability through the CCIP protocol.

This event marks an important moment for traditional finance, as JPMorgan has ventured beyond its private network, integrating with a public blockchain for the first time. Experts believe this could accelerate the tokenization of assets and make financial transactions more efficient and transparent. At the same time, mixed reactions have emerged on platform X: some users see this as a breakthrough for DeFi, while others note that the price of Chainlink (LINK) token has not shown significant growth following the news.

This move by JPMorgan demonstrates the growing role of blockchain technologies in the banking sector and opens new opportunities for institutional investors. Stay updated on the world of finance and technology by subscribing to #MiningUpdates

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