J.P. Morgan’s Kinexys Digital Payments Expands to Public Chains

J.P. Morgan’s blockchain division, Kinexys, has executed its first cross-chain Delivery versus Payment (DvP) transaction on Ondo Chain’s testnet, marking a significant step toward integrating traditional finance with public blockchains. The transaction involved Ondo Finance’s tokenized fund (OUSG) and Leveraged Chainlink’s cross-chain infrastructure for secure settlement.

The MOVE signals growing institutional adoption of blockchain for real-world asset tokenization. By utilizing public chains like Ondo, J.P. Morgan demonstrates scalability potential for its permissioned Kinexys network in the burgeoning RWA market.

Chainlink’s role as the orchestration LAYER highlights the critical infrastructure needed to bridge private and public blockchain ecosystems. This collaboration between traditional finance heavyweights and crypto-native projects could accelerate institutional-grade DeFi solutions.