JPMorgan Completes First Public Trade Of Tokenized Treasuries
Posted On May 14, 2025
JPMorgan‘s (NYSE:JPM) blockchain division, Kinexys, on Wednesday announced it has executed its first public transaction involving tokenized U.S. Treasury bonds on the Ondo Chain (CRYPTO: ONDO), marking a step forward in blockchain-based financial settlement.
WHat Happened: The transaction used Ondo Finance’s tokenized U.S. Treasuries Fund (OUSG) and was settled using Chainlink‘s (CRYPTO: LINK) cross-chain infrastructure.
It represents the first public use of JPMorgan’s Kinexys Digital Payments platform to trade a tokenized asset on a public ledger.
The cross-chain transaction followed a Delivery versus Payment (DvP) model, exchanging the tokenized asset on the Ondo Chain …
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