JPMorgan Steps Into Crypto with Tokenized Treasury Trade

JPMorgan Chase & Co. has executed its first tokenized U.S. Treasury transaction on a public blockchain, signaling a strategic embrace of distributed ledger technology by traditional finance. The operation Leveraged infrastructure from ONDO Finance and Chainlink, demonstrating how institutional-grade assets can flow through decentralized networks.

The move reflects accelerating convergence between Wall Street and crypto ecosystems. By settling Treasury trades on-chain, JPMorgan joins a growing cohort of financial giants exploring blockchain’s potential to streamline settlement, reduce counterparty risk, and unlock new liquidity pools. This development follows BlackRock’s recent foray into tokenized funds, underscoring mounting institutional demand for blockchain-based financial instruments.