JPMorgan Chase, a $4 trillion asset management giant, completed its first public transaction involving tokenized U.S. Treasury bonds, marking a historic move towards convergence between traditional finance and decentralized finance.
On May 14, 2025, JPMorgan's blockchain division settled a transaction on a public blockchain using Chainlink’s Cross-Chain Interoperability Protocol, bridging private and public financial systems.
The use of Delivery versus Payment model in the trade reduced counterparty risk and enabled instant settlement, hinting at a departure from traditional T+2 settlement delays in financial markets.
This initiative signifies a significant endorsement of DeFi infrastructure by major financial institutions, paving the way for wider adoption of tokenized real-world assets and potentially revolutionizing financial markets with lower costs and near-instant settlements.