JPMorgan Just Did the Unthinkable: Settles Live Transaction on Public Blockchain

Wall Street’s most cautious giant finally dips a toe in crypto’s wild waters—with actual on-chain settlement. No private ledger, no permissioned chain. The same Ethereum your degen nephew uses for ape JPEGs.

Why this matters: After years of dismissing public blockchains as ’neon casinos,’ JPM’s Tokenized Collateral Network just validated the tech they love to hate. The transaction? A money-market fund share moved between BlackRock and Barclays. The irony? It probably cost $28 in gas fees.

The kicker: Sources say execs still mandated three compliance checkpoints and a 15-slide risk assessment. Old habits die harder than Bitcoin maximalists.

In Brief

• JPMorgan completed a crypto transaction tokenizing Treasury bonds on a public blockchain.
• Chainlink ensured interoperability between JPMorgan’s private blockchain and Ondo Finance.
• Kinexys, JPMorgan’s DeFi platform, manages $1.5 trillion in assets and $2 billion in daily volumes.

First Public Crypto Transaction: JPMorgan Steps Out of the Private Garden

JPMorgan, a global finance giant, announced an important milestone: the successful completion of. This operation took place on theplatform, a public blockchain, thanks to the. Colin Cunningham, head of tokenization at chainlink Labs, explains:

This is the first time a major global bank has connected its payment system to a public blockchain.

He adds that this milestone marks, where real assets will freely circulate between private and public chains.

This transaction is. It aims to bridge the gap between the two worlds, enabling near-instant settlements and cost reductions. The Kinexys project already manages about.

This achievement confirms the growing ability of traditional finance to incorporate crypto innovations.

Technology and Achievements: Chainlink and Ondo at the Heart of the Experience

The experience conducted with Ondo Finance and Chainlink perfectly illustrates the strengths of hybrid technologies. Chainlink acts as a bridge, ensuring. This interoperability eliminates the usual frictions encountered in crypto transactions across different networks. Nathan Allman, CEO of Ondo Finance, emphasizes:

The inaugural transaction is not just a major milestone, it is a statement about the future of finance.

, such as Treasury bonds, in a decentralized environment. The OUSG token, used in this transaction, is a tokenized money market fund. These innovations enable institutions to, where liquidity and transparency are enhanced.

JPMorgan has been experimenting with blockchain since 2019 with JPM Coin, renamed Kinexys. This project is evolving towards, reducing costs and accelerating cross-border payments. The recent public transaction marks a new step in this roadmap, signaling broader adoption among the institutional crypto community.

Key Figures and Challenges of Institutional Crypto Transactions

The scope of this project is as much financial as technological. The tokenization of real assets is gaining ground, with over, according to DeFi Llama. BlackRock ranks among the largest investors, with nearly $3 billion in tokenized cash funds.

JPMorgan’s transaction fits into a rapidly growing market, especially among traditional players eager to enter the crypto community. Here are the notable figures:

• Over $12 billion in value locked in real assets on blockchains;
• $1.5 trillion in underlying assets managed by Kinexys;
• $2 billion in daily volume on JPMorgan’s platform;
• $3 billion in BlackRock’s tokenized liquidity fund;
• More than 80 active DeFi platforms on tokenized assets.

These figures emphasize the scale of the revolution. JPMorgan takes a major step by directly connecting its payment system to public blockchains. This advance lays the groundwork for a future where crypto transactions will be at the heart of global financial flows.

Blockchain now finds its place in multiple sectors: finance, healthcare, aviation… However, it still struggles to convince some tech giants like Nvidia. These companies remain cautious, sometimes slowing the growth of a disruptive technology. Nevertheless, the entry of banks like JPMorgan into the crypto ecosystem shows that blockchain is gradually becoming a cornerstone of the economy of tomorrow.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.