Chainlink, JPMorgan's Kinexys, and Ondo Finance have successfully conducted a groundbreaking crosschain delivery versus payment (DvP) settlement. The test, a first of its kind, involved Kinexys Digital Payments, a permissioned network by JPMorgan, and Ondo Chain's testnet focused on real-world asset tokenization. Coordinated using Chainlink's Runtime Environment (CRE), the settlement exchanged Ondo's tokenized US Treasurys fund for payment via Kinexys' platform. This milestone signifies the convergence of traditional finance and decentralized finance, with over $23 billion in tokenized real-world assets now on public blockchains. The successful transaction showcases the expansion of Kinexys' settlement capabilities and the versatility of CRE in settling various DvP transactions with reduced risk. The RWA market has surged over 260% in the first half of 2025, reaching a total valuation of $23 billion, driven by tokenized private credit and US Treasury debt. Read more AI-generated news on: https://app.chaingpt.org/news

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