JPMorgan’s Kinexys Connects With Public Blockchain on Ondo Chain Testnet Debut
- J.P. Morgan's Kinexys unit, Ondo Finance, and Chainlink completed a cross-chain Delivery versus Payment test on Ondo Chain's testnet in May 2025.
- This event arose from the need to overcome TradFi's fragmented systems and manual workflows that cause costly DvP settlement delays and risks exceeding $900 billion in losses over the past decade.
- The test transaction settled Ondo Finance's tokenized U.S. Treasuries Fund using Kinexys Digital Payments on a permissioned network connected with Ondo Chain's public Layer-1 blockchain, powered by Chainlink's secure cross-chain orchestration.
- Nelli Zaltsman of Kinexys highlighted that their solution enables scalable and seamless settlement by integrating institutional payments with both public and private blockchain networks, while Sergey Nazarov, co-founder of Chainlink, described the pilot as a significant step toward uniting traditional finance and decentralized finance.
- This successful atomic settlement demonstrates a scalable path to reduce counterparty risk and inefficiencies, suggesting a growing institutional adoption of blockchain for real-world asset tokenization.
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Chainlink, the Kinexys blockchain platform by JP Morgan, and institutional digital asset firm Ondo Finance partner for tokenized asset payment infrastructure.
JPMorgan’s Kinexys Connects With Public Blockchain on Ondo Chain Testnet Debut
JPMorgan (JPM) took its first step onto a public blockchain network through its Kinexys Digital Payments platform, settling a tokenized U.S. Treasury transaction on Ondo Chain’s testnet.The pilot, detailed in a press release shared with CoinDesk, marks the debut of a Delivery versus Payment (DvP) transaction on the testnet, a new layer-1 blockchain designed to support institutional-grade real-world assets.Kinexys, which the release says processe…
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Ondo Finance has achieved a major milestone by completing the first cross-chain Delivery versus Payment (DvP) test transaction on the testnet of its Ondo Chain. Conducted in collaboration with JPMorgan's Kinexys and Chainlink, this initiative highlights the potential of blockchain to streamline the settlement of tokenized real-world assets (RWAs). Landmark collaboration with JPMorgan's Kinexys and Chainlink showcases the future of blockchain-bas…
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