PANews reported on May 14 that according to Fortune, JPMorgan Chase completed the settlement transaction of tokenized U.S. Treasury bonds for the first time through a public blockchain on May 14, marking an important step from a "walled garden" private chain to an open blockchain ecosystem. The transaction was provided by Ondo Finance, which provided tokenized Treasury products, and was implemented through the oracle service provided by Chainlink. Previously, JPMorgan Chase's digital asset operations were mostly carried out on its private chain Onyx. This transaction shows that its strategy is shifting to a more open financial infrastructure.
The transaction was reportedly coordinated by Chainlink’s off-chain runtime environment (CRE), enabling atomic settlement between the Kinexys payment network and the Ondo chain, marking the first time Kinexys (JPMorgan’s blockchain platform) has expanded to collaborate with consortium chains and public chains.
