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JPMorgan’s Kinexys Connects With Public Blockchain on Ondo Chain Testnet Debut
JPMorgan’s Kinexys Connects With Public Blockchain on Ondo Chain Testnet Debut
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JPMorgan (JPM) has taken its first step onto a public blockchain network through its Kinexys Digital Payments platform, settling a tokenized U.S. Treasury transaction on ONDO Chain’s testnet. The pilot marks the debut of a Delivery versus Payment (DvP) transaction on the testnet, a new layer-1 blockchain designed to support institutional-grade real-world assets.
Kinexys, which processes an average of over $2 billion in daily transaction volume, handled the payment leg, while Ondo Finance’s tokenized short-term Treasury fund (OUSG) formed the asset leg. chainlink Runtime Environment secured the settlement across the two networks, showcasing the potential for institutional adoption of blockchain technology.
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