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JPMorgan Executes First Crypto Transaction on Public Blockchain
JPMorgan Executes First Crypto Transaction on Public Blockchain
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JPMorgan has taken a significant step toward integrating traditional finance with decentralized finance by completing its first tokenized transaction on a public blockchain. The move involved tokenizing Treasury bonds, with chainlink facilitating interoperability between JPMorgan’s private blockchain and Ondo Finance.
The bank’s DeFi platform, Kinexys, now manages $1.5 trillion in assets and processes $2 billion in daily volumes. This development underscores the growing institutional adoption of blockchain technology and signals a future where crypto and traditional finance operate in tandem.
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