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JPMorgan Settles First Tokenized Treasury Trade Using Public Blockchain

  • 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.

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