JPMorgan settled its first tokenized Treasury trade using a public blockchain, facilitated by its blockchain unit Kinexys.
The transaction involved tokenized U.S. Treasuries on Ondo Finance's public blockchain, with Chainlink's oracle network used for payment.
JPMorgan moved real money between accounts on its internal blockchain, marking its first-ever settlement using a public blockchain structure.
The use of Chainlink's interoperability protocol showcases potential for a hybrid financial system combining institutional infrastructure with DeFi innovations.