Chainlink played a crucial role in facilitating a cross-chain settlement between Kinexys and Ondo Finance, projects under JPMorgan. This landmark achievement involved tokenized U.S. Treasurys being exchanged with fiat settlements on both public and permissioned networks. While successful, the LINK price experienced a 15% decline after technical indicators shifted towards bearish territory in the short term. This collaboration marked a significant milestone for DeFi by enabling the first-ever delivery-versus-payment (DvP) settlement between a privately operated payment network and a public blockchain. Kinexys and Ondo collaborated using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE). This off-chain compute layer facilitated the process by ensuring secure interoperability, managing escrow conditions on the Ondo Chain, initiating payments through Kinexys Digital Payments, and finalizing the settlement. Notably, only instructions were transferred between networks, minimizing counterparty risk and facilitating regulatory compliance. 23 billion dollars in Real World Asset Tokenization (RWA) is expected to be a key driver for the industry.