J.P. Morgan, Ondo Finance, and Chainlink Achieve First Cross-Chain Settlement

A groundbreaking collaboration between J.P. Morgan’s Kinexys, DeFi platform Ondo Finance, and blockchain oracle Chainlink has successfully executed the first cross-chain settlement of tokenized assets on the Ondo Chain’s testnet. The transaction involved Ondo Finance’s tokenized U.S. Treasury product (OUSG) with Chainlink’s secure infrastructure for seamless interoperability across blockchains. This achievement signifies a significant step towards bridging traditional finance and decentralized finance, aiming to address fragmented liquidity and high costs in tokenized markets.