JP Morgan, Chainlink, and Ondo Demonstrate Real Transactions with Treasury Tokens… Validating Cross-Blockchain Payments

Global financial firm JP Morgan's subsidiary Kinexys, Chainlink (LINK), and Ondo Finance announced on the 14th (local time) that they demonstrated cross-blockchain payment technology using treasury-based tokens.

This test was designed to connect Kinexys, a traditional financial payment network, with tokenized U.S. Treasury funds (OUSG) on-chain, allowing treasury tokens and payment funds to move simultaneously across different blockchains. Chainlink linked these two systems through oracle and cross-chain technology.

Sergey Nazarov, co-founder of Chainlink, stated, "The technical standards and connectivity infrastructure necessary for institutional investors to enter public chains are being completed with Chainlink." The structure of processing assets and payments simultaneously on different blockchains (atomic DvP) is gaining attention as a technology that complements the limitations of traditional finance by reducing the possibility of transaction delays or payment failures.

Nathan Allman, CEO of Ondo Finance, stated, "This testnet transaction is a signal of the future of real asset finance."

JP Morgan's Kinexys processes over $2 billion daily, with a cumulative total of $1.5 trillion in payments.

An oracle is a technology that brings web data existing outside the blockchain into the blockchain.