Chainlink Launches Bank Payment Channels to Tokenized Asset Market with JPMorgan’s Kinexys and Ondo Finance

Odaily News Chainlink, JPMorgan Chase’s blockchain business Kinexys, and Ondo Finance, a real-world asset tokenization platform, jointly announced today the successful completion of a cross-chain DvP (deposit-versus-payment) test transaction. In this transaction, the Kinexys digital payment network provided a permissioned blockchain network to deposit accounts used for payment settlement; Ondo Blockchain provided a next-generation L1 blockchain specifically built for scaling real-world asset tokenization and its flagship product, the Tokenized U.S. Treasury Bond Fund (OUSG). The DvP solution coordinated asset and payment movements and was supported end-to-end by the Chainlink Runtime Environment (CRE).