JPMorgan's Kinexys, Chainlink, and Ondo Finance Complete Historic Cross-Chain Transaction
JPMorgan's Kinexys, Chainlink, and Ondo Finance Complete Historic Cross-Chain Transaction
🤝 JPMorgan Crosses the Chain
Kinexys by JPMorgan, Chainlink, and Ondo Finance have completed the first cross-chain Delivery vs Payment (DvP) transaction on Ondo Chain testnet.
Key points:
- First-ever interoperability between a bank's permissioned blockchain and a public blockchain
- Transaction involved tokenized treasury settlement using Chainlink's infrastructure
- Kinexys platform processes $2B daily, with 10x YoY growth
- Ondo Chain aims to combine public blockchain openness with institutional compliance standards
The collaboration marks a significant step toward TradFi-DeFi convergence and institutional RWA tokenization.
OKX Wallet Joins Ondo Global Markets Alliance
OKX Wallet has joined the Ondo Global Markets Alliance, enabling its users to access tokenized stocks, ETFs, and other securities through Ondo's platform later this summer. The alliance aims to standardize tokenized securities and improve market efficiency through: - Seamless integration with traditional exchange liquidity - Instant minting and redemption capabilities - Access to hundreds of tokenized stocks This partnership adds one of the world's largest crypto apps to a growing coalition of wallets, exchanges, and infrastructure providers working to advance on-chain real-world assets. Learn more: [Global Markets Alliance](https://blog.ondo.finance/ondo-finance-global-markets-alliance/)
Tokenized Stocks Set to Dominate 2025
Major financial institutions are embracing tokenization as a way to expand their reach to accredited retail investors. - JHI Advisors (partnering with Centrifuge and Anemoy Capital), UBS Asset Management, and Goldman Sachs are leading the charge with new tokenized fund offerings The trend represents a significant shift in traditional finance, making investment products more accessible through blockchain technology. *Key Benefits*: - Expanded distribution channels - Broader investor access - Improved market efficiency This development signals growing institutional adoption of blockchain technology in traditional finance.
Artemis Report Highlights Growth in Onchain Stablecoin Yields
A new Artemis report examines the evolution of onchain stablecoin yields and increasing institutional adoption, with Ondo Finance playing a key role. The analysis points to a clear trend of global markets transitioning to blockchain infrastructure. Key developments: - Growing adoption of tokenized treasuries - Expanding institutional participation - Launch of Ondo Global Markets and Ondo Chain upcoming Traditional finance players are expected to take greater notice as demand increases for tokenized securities.
U.S. Senate Passes GENIUS Act: First Comprehensive Stablecoin Legislation
The U.S. Senate has approved the GENIUS Act with bipartisan support, marking a watershed moment for digital asset regulation. This first comprehensive stablecoin legislation aims to establish clear regulatory frameworks for blockchain-based dollar alternatives. Key points: - First major stablecoin regulation in U.S. history - Strong bipartisan backing in Senate - Positions U.S. as innovation-friendly jurisdiction - Supports 24/7 permissionless access to USD The bill's passage signals U.S. commitment to fostering domestic digital innovation rather than pushing development offshore.
JPMorgan, Chainlink, and Ondo Finance Partner for Bank-to-Blockchain Settlement
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](https://fortune.com/crypto/2025/05/14/jpmorgan-chase-kinexys-digital-payments-ondo-chainlink/)