Chainlink, JPMorgan and Ondo Complete First Crosschain DvP Settlement

[kevin1]

Chainlink has enabled a major crosschain milestone: a delivery-versus-payment settlement linking JPMorgan’s permissioned Kinexys network with Ondo Finance’s testnet for tokenized assets. Using Chainlink’s CRE coordination layer, the pilot swapped tokenized U.S. Treasurys (OUSG) for fiat without either asset leaving its native chain — signaling a leap forward for blockchain-based financial settlements.

[Nahid Hossen]

A big step toward real institutional blockchain adoption.

[Rimon Khan]

Cross-chain settlement is exactly the use case enterprises were waiting for.

[Nahid Hossen]

: a delivery-versus-payment settlement linking JPMorgan’s permissioned Kinexys network with Ondo Finance’s testnet for tokenized assets.