JPMorgan Takes a Leap with First Public Blockchain-Powered Treasury Settlement

JPMorgan Chase has made history by settling its first trade involving tokenized U.S. Treasury securities on a public blockchain, marking a significant step towards integrating decentralized finance (DeFi) into traditional financial systems. This innovative process used Kinexys, the bank’s blockchain unit, and Chainlink’s interoperability protocol for a transaction executed on Ondo Finance’s public blockchain network. ðŸ§