JPMorgan Takes a Leap Forward with First Public-Chain Tokenized Treasury Settlement

In a groundbreaking development, JPMorgan has partnered with Chainlink to execute the first tokenized treasury settlement on a public blockchain, marking a significant shift towards integrating decentralized finance and traditional financial systems. This pioneering collaboration leverages the Cross-Chain Interoperability Protocol (CCIP) developed by Chainlink for secure and efficient cross-chain transactions. JPMorgan’s Kinexys unit managed the transaction using tokenized short-term U.S. Treasury bonds, representing a major step in expanding institutional access to blockchain technology for asset management.