A groundbreaking cross-chain Delivery versus Payment (DvP) transaction has been successfully executed by Ondo Finance, J.P. Morgan’s blockchain unit Kinexys, and Chainlink. This coordinated effort involved the movement of tokenized U.S. Treasury assets on the Ondo Chain and payments through Kinexys Digital Payments’ permissioned network using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for secure off-chain coordination. It marks a significant step towards developing blockchain-native infrastructure for real-world asset (RWA) settlement in financial markets. This pilot was conducted on the Ondo Chain testnet and demonstrates the potential for simultaneous asset and payment transfers across siloed chains, reducing settlement risk and reliance on intermediaries found in traditional capital market systems.