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JPMorgan tests crypto waters with tokenized transaction via Ondo Finance

JPMorgan tests crypto waters with tokenized transaction via Ondo Finance

  • JPMorgan settled its first tokenized transaction on a public blockchain with the help of Ondo Finance and Chainlink.
  • The bank utilized Ondo Chain’s testnet to perform a Delivery versus Payment transaction.
  • JPMorgan’s blockchain division transferred money between two accounts on its private blockchain, Kinexys, to purchase tokenized US treasuries.

JPMorgan Chase performed its first transaction on a public blockchain to facilitate the purchase of tokenized US treasuries through Ondo Finance’s Layer-1 network and Chainlink’s cross-chain technology.

JPMorgan settles first public blockchain transaction for tokenized treasuries

Financial services firm JPMorgan Chase has begun testing crypto payments using public blockchains….

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