JPMorgan, Chainlink, and Ondo Finance have successfully completed a cross-chain payment transaction, marking a significant step in connecting traditional finance with the real-world asset (RWA) market.
Chainlink, the leading blockchain oracle company, along with JPMorgan's Kinexys branch and digital asset company Ondo Finance, has achieved a notable milestone by completing a cross-chain 'delivery versus payment' (DvP) transaction.
This marks the first time a permissioned payment system like Kinexys can interact and seamlessly transact with a public blockchain specializing in RWA, specifically the testnet of Ondo Chain.
This complex payment process is orchestrated by the Chainlink Runtime Environment (CRE), an off-chain processing layer designed to effectively connect different financial systems. In this trial transaction, Ondo's tokenized U.S. Treasury bond fund (OUSG) was transferred on Ondo Chain, with the corresponding payment made simultaneously on JPMorgan's Kinexys network.
Atomic multi-chain DvP payment transaction between Kinexys and Ondo Chain, operated by Chainlink Runtime Environment. Source: Chainlink
The highlight of the transaction is that only the transaction instructions are transmitted between the two networks, with no actual assets moving back and forth, significantly minimizing risks and ensuring integrity for both systems.
The success of this transaction not only demonstrates technical prowess but also provides a viable solution in the rapidly evolving RWA market.
According to a report by Binance Research, the RWA market has seen significant growth with an increase of over 260% in just the first half of 2025, reaching a total value exceeding 23 billion USD. This creates an urgent demand for secure and efficient cross-chain payment solutions.
The fact that Kinexys expands its payment capabilities beyond private networks to interact with public blockchains shows that traditional financial institutions are ready to accept and prepare for the future of digital assets.
The flexible configuration capabilities of CRE, as described by Chainlink, allow for the deployment of more complex DvP transaction forms, thereby minimizing counterparty and payment risks, which are major barriers to the widespread adoption of blockchain technology in traditional finance.
