JPMorgan Leverages Chainlink LINK for Breakthrough Public Blockchain Treasury Settlement

JPMorgan has quietly advanced its blockchain integration strategy by executing a tokenized U.S. Treasury transaction outside its private infrastructure for the first time. The pilot, conducted on Ondo Chain’s testnet via the bank’s Kinaxis payment network, Leveraged Chainlink’s cross-network coordination to ensure real-time settlement.

The transaction utilized a Delivery versus Payment (DvP) model, synchronizing cash and asset movement to mitigate settlement risk. Notably, the deal involved Ondo’s blockchain-based Treasury fund (OUSG), marking a rare instance of interoperability between JPMorgan’s permissioned system and a public blockchain.

This development signals growing institutional willingness to bridge traditional finance with decentralized networks. The use of Chainlink’s oracle technology underscores the critical role of middleware in enabling secure cross-chain settlements.