JPMorgan Settles First Tokenized Treasury Trade on Public Blockchain with Chainlink and Ondo

JPMorgan Chase has completed a blockchain transactionoutside its private system for the first time. The deal involved tokenized U.S.Treasuries and was settled using public blockchain infrastructure, Fortunereported. The move marks a change in the bank’s approach to digital assets,which has long focused on private networks. JPMorgan Uses Chainlink for Blockchain Payment The transaction occurred in early May. It was conducted byKinexys, JPMorgan’s blockchain division. The bank moved funds between twoaccounts on its private blockchain. This payment was to settle the purchase oftokenized treasuries listed on a public blockchain run by Ondo Finance. To makethe payment work, JPMorgan used Chainlink, a system that connects private andpublic blockchains. Tokenized treasuries are blockchain-based versions of moneymarket funds. They offer exposure to government debt and are often used for yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term generation in crypto systems. We're excited to announce the successful completion of a cross-chain Delivery versus Payment (DvP) transaction in collaboration with Kinexys by J.P. Morgan ( @jpmorgan ) and @OndoFinance . https://t.co/W2IC8NeO18 This milestone marks the first-of-its-kind cross-chain, atomic... pic.twitter.com/0J1tA3AYWk Private Blockchain Connects to Public Ledger JPMorgan’s blockchain efforts were previously limited to itsprivate network, with past trials like a 2024 test with Siemens remainingexperimental. But this latest move is its first real connection to a public blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term . “This is not just another proof of concept,” saidChainlink’s Sergey Nazarov, who noted the system is nearing broader use. The shift comes amid changing U.S. crypto policy, with Trumpintroducing industry-friendly measures after Biden’s earlier crackdown. Still,JPMorgan says the project has been in the works for years and isn’t tied torecent political changes. JPMorgan Chase has completed a blockchain transactionoutside its private system for the first time. The deal involved tokenized U.S.Treasuries and was settled using public blockchain infrastructure, Fortunereported. The move marks a change in the bank’s approach to digital assets,which has long focused on private networks. JPMorgan Uses Chainlink for Blockchain Payment The transaction occurred in early May. It was conducted byKinexys, JPMorgan’s blockchain division. The bank moved funds between twoaccounts on its private blockchain. This payment was to settle the purchase oftokenized treasuries listed on a public blockchain run by Ondo Finance. To makethe payment work, JPMorgan used Chainlink, a system that connects private andpublic blockchains. Tokenized treasuries are blockchain-based versions of moneymarket funds. They offer exposure to government debt and are often used for yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term generation in crypto systems. We're excited to announce the successful completion of a cross-chain Delivery versus Payment (DvP) transaction in collaboration with Kinexys by J.P. Morgan ( @jpmorgan ) and @OndoFinance . https://t.co/W2IC8NeO18 This milestone marks the first-of-its-kind cross-chain, atomic... pic.twitter.com/0J1tA3AYWk Private Blockchain Connects to Public Ledger JPMorgan’s blockchain efforts were previously limited to itsprivate network, with past trials like a 2024 test with Siemens remainingexperimental. But this latest move is its first real connection to a public blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term . “This is not just another proof of concept,” saidChainlink’s Sergey Nazarov, who noted the system is nearing broader use. The shift comes amid changing U.S. crypto policy, with Trumpintroducing industry-friendly measures after Biden’s earlier crackdown. Still,JPMorgan says the project has been in the works for years and isn’t tied torecent political changes.