JPMorgan Chase completes its first tokenized U.S. Treasury transaction in collaboration with Ondo and Chainlink on a public blockchain.
The transaction involved exchanging a tokenized U.S. Treasuries Fund (OUSG) on the Ondo Chain testnet using JPMorgan's private blockchain platform Kinexys.
Chainlink's technology facilitated the secure Delivery versus Payment settlement, enabling the cross-chain transaction to be completed end-to-end.
This move reflects growing institutional interest in tokenized assets, with JPMorgan's long-term strategy focusing on public blockchain adoption and exploring tokenization in collaboration with major financial institutions.