JPMorgan Executes First Public Blockchain Treasury Transaction via Chainlink and Ondo Finance

JPMorgan Chase has marked a significant milestone in institutional blockchain adoption by settling its first tokenized U.S. Treasury transaction on a public blockchain. The experiment utilized Chainlink’s cross-chain infrastructure to bridge private and public networks, with tokenization platform ONDO Finance facilitating the process.

The MOVE signals growing Wall Street acceptance of decentralized infrastructure, coming six years after JPMorgan launched its private JPM Coin system. Financial institutions are increasingly exploring blockchain’s potential to streamline capital markets, with tokenized real-world assets emerging as a key use case.

This development underscores how traditional finance giants are gradually embracing public blockchain technology while maintaining connections to permissioned systems. The involvement of established players like JPMorgan lends credibility to the tokenization narrative that has gained momentum among institutional investors throughout 2023.