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Chainlink LINK Powers JPMorgan Chase’s Historic Public Blockchain Transaction
Chainlink LINK Powers JPMorgan Chase’s Historic Public Blockchain Transaction
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Chainlink LINK News -
JPMorgan Chase has executed its first transaction on a public blockchain, utilizing chainlink and Ondo Finance to settle tokenized U.S. Treasuries. This move represents a shift from the bank’s previous reliance on private blockchains, adopting a hybrid approach that connects proprietary systems with decentralized infrastructure.
The transaction featured a cross-chain transfer from JPMorgan’s private ledger to Ondo’s public blockchain, with Chainlink acting as the key interoperability solution. Market analysts view this as a pivotal moment for institutional DeFi adoption, demonstrating increased trust in public blockchain technology among major financial institutions.
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