Particle.news
Download on the App Store
3 ARTICLES
·
yesterday

JPMorgan’s Kinexys Completes First Public Blockchain Settlement

The pilot Delivery versus Payment transaction on Ondo Chain testnet marks a pivotal step in integrating institutional finance with public blockchain technology.

Jamie Dimon, CEO of JPMorgan Chase.

Overview

  • JPMorgan's Kinexys network executed its first public blockchain transaction, settling tokenized U.S. Treasury assets on the Ondo Chain testnet.
  • The transaction utilized Chainlink Runtime Environment to securely coordinate cross-chain workflows between private and public networks.
  • Ondo Finance's tokenized short-term Treasury fund (OUSG) represented the asset leg of the Delivery versus Payment (DvP) settlement.
  • This move represents a deliberate shift from JPMorgan's private 'walled garden' blockchain model to scalable public blockchain interoperability.
  • JPMorgan confirmed the interface is on track for production, signaling readiness for broader institutional adoption of blockchain-based financial solutions.