JPMorgan, Chainlink, and Ondo Finance Partner for Bank-to-Blockchain Settlement
JPMorgan, Chainlink, and Ondo Finance Partner for Bank-to-Blockchain Settlement
馃彟 JPMorgan Goes Public Chain
Ondo Finance, Chainlink, and JPMorgan's Kinexys have successfully integrated traditional banking infrastructure with Ondo Chain, marking a significant milestone in blockchain adoption.
Key developments:
- First-ever JPMorgan interface with a public blockchain
- Successful cross-chain Delivery versus Payment test transaction completed
- Integration enables JPMorgan deposit holders to access tokenized Treasuries
The collaboration demonstrates practical application of blockchain technology in traditional finance, specifically for Treasury tokenization and settlement processes.
Read more details in Fortune's coverage
Catch up on May's highlights in the Ondo Monthly Roundup. 馃憞 In May, we were proud to announce the successful completion of a cross-chain Delivery versus Payment test transaction on Ondo Chain testnet in collaboration with Kinexys by @jpmorgan and @chainlink, and much more.
Ondo Global Markets Launches on Bitget Exchange
Ondo Finance has announced that **Ondo Global Markets is now live on Bitget**, expanding access to their tokenized financial products. This integration follows their recent launch of tokenized stocks in DeFi, demonstrating continued expansion of real-world asset tokenization infrastructure. The partnership with Bitget provides users with another venue to access Ondo's tokenized treasury and stock products through a major cryptocurrency exchange platform. [Read the full announcement](https://ondo.finance/blog/ondo-global-markets-live-on-bitget)
Ondo Finance Launches Tokenized US Treasury Product OUSG
Ondo Finance has introduced **OUSG**, a tokenized product offering exposure to US Treasury securities on the blockchain. **Key Features:** - Provides institutional and retail investors access to US Treasuries through blockchain technology - Enables 24/7 trading and settlement of Treasury exposure - Bridges traditional finance with decentralized infrastructure The launch represents continued growth in real-world asset (RWA) tokenization, allowing investors to hold Treasury-backed tokens with the benefits of blockchain rails including faster settlement and programmability.
OKX Launches Trading Competition for ONDO Token
OKX has announced a trading competition featuring ONDO tokens. The competition has been expanded to include **20 winners**, offering participants the opportunity to compete for prizes. **Key Details:** - Competition hosted on OKX's Web3 platform - Expanded winner pool from original announcement - Full competition rules and eligibility available on the platform For complete information and participation details, visit: [OKX Trading Competition](https://web3.okx.com/boost/trading-competition/ondo?shortCode=RiVVa3&utm_medium=official_media&utm_source=twitter&utm_campaign=ta_ondo&utm_term=web3_en_x)
Defense Stocks Lead Trading on Ondo's Tokenized Markets
**Defense sector dominates tokenized trading activity** Ondo Global Markets is seeing concentrated trading in tokenized defense stocks this week, with five major companies leading volume: - Boeing (BAon) - Palantir (PLTRon) - RTX Corp (RTXon) - General Electric (GEon) - Lockheed Martin (LMTon) The platform offers tokenized versions of over 100 major stocks and ETFs, providing blockchain-based access to traditional equity markets. This marks a continuation of defense sector interest on the platform.
DTCC, Digital Asset, S&P Global, FTDA and WisdomTree Prime Leaders Featured
Industry leaders from major financial institutions are being featured in an upcoming event or discussion. **Participating Organizations:** - DTCC (Depository Trust & Clearing Corporation) - Digital Asset - S&P Global - FTDA (Financial Technology & Data Association) - WisdomTree Prime This gathering brings together representatives from traditional finance infrastructure, blockchain technology providers, and digital asset platforms. The event continues a series of similar discussions that have previously included leaders from Alpaca and Solana Foundation.