JPMorgan Goes On-Chain: First Tokenized Treasury Trade Executed via Public Blockchain
Wall Street’s blockchain experiment just leveled up—JPMorgan settled its maiden tokenized treasury transaction using Chainlink oracles and Ondo Finance’s infrastructure. No permissioned chains, no training wheels.
Why it matters: The 150-year-old bank just tacitly endorsed public blockchains for institutional finance. That’s like your grandpa suddenly using Venmo—without asking you how it works first.
The fine print: They used the ’compliant’ corner of Ethereum (because of course they did), proving even revolutionaries love a good regulatory fig leaf. Bonus jab: Nothing unites TradFi and DeFi like finding new ways to repackage government debt.