JPMorgan Joins DeFi Revolution: First Public Blockchain Settlement Achieved

A major shift in finance is underway as JPMorgan Chase, a financial titan with $4 trillion in assets under management, has taken a historic leap into blockchain-based finance. The bank has just successfully settled its first public transaction involving tokenized U.S. Treasury bonds on the public blockchain network, using the Cross-Chain Interoperability Protocol (CCIP) developed by Chainlink. This landmark achievement signifies a pivotal moment in the evolution of traditional finance and decentralized finance (DeFi). It represents a tangible bridge between the established world of TradFi and the innovative landscape of DeFi.