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JPMorgan Executes Landmark Blockchain Pilot Bridging Traditional Finance and DeFi
JPMorgan Executes Landmark Blockchain Pilot Bridging Traditional Finance and DeFi
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JPMorgan Chase has taken a decisive step toward institutional blockchain adoption with its first cross-chain settlement pilot. The banking giant’s blockchain division, Kinexys, successfully processed a transaction involving ONDO Finance’s tokenized U.S. Treasury product (OUSG) using Chainlink’s interoperability protocols.
The May 14 initiative marks Kinexys’ maiden integration between its permissioned ledger and a public Layer-1 blockchain. "This reflects our commitment to evolving infrastructure for institutional clients engaging with digital assets," said Nelli Zaltsman, head of settlement solutions at Kinexys. The pilot demonstrates growing Wall Street acceptance of blockchain’s potential to modernize traditional finance workflows.
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