US EditionJPMorgan’s public blockchain move could set a new standard for institutional finance
- JPMorgan Chase completed its first public blockchain transaction in early May, settling tokenized U.S. Treasuries on Ondo Chain's testnet with Chainlink and Ondo Finance.
- This milestone followed years of JPMorgan's experiments with private blockchain networks and pilot projects, as well as a broader U.S. Regulatory shift favoring cryptocurrency integration.
- The transaction harnessed Kinexys, JPMorgan's blockchain division, to process payments while Chainlink's cross-chain infrastructure enabled atomic Delivery versus Payment settlement across private and public networks.
- Sergey Nazarov of Chainlink highlighted that institutions require standardized technical protocols and the ability to connect across different blockchains to effectively operate within public blockchain networks.
- This event signals JPMorgan's strategic shift toward hybrid blockchain integration with potential to enhance liquidity and reduce counterparty risks in tokenized finance markets.
25 Articles
25 Articles
Chainlink and Ondo Power JP Morgan’s First Tokenized Bond Deal - Crypto News Flash
JP Morgan completed its first public blockchain transaction using Chainlink and Ondo’s tokenized U.S. Treasury bonds. Chainlink enabled atomic settlement between JP Morgan’s closed system and public blockchain in real-time. JP Morgan has completed its first financial transaction on a public blockchain. What’s more interesting is that they’re not alone. Chainlink and Ondo Finance are two key partners in executing the transaction, which involves t…
JPMorgan Chase Initiates First Public Blockchain Transaction on Ondo Finance, Signaling Potential Shift Toward Tokenized Finance
The post JPMorgan Chase Initiates First Public Blockchain Transaction on Ondo Finance, Signaling Potential Shift Toward Tokenized Finance appeared on BitcoinEthereumNews.com. JPMorgan Chase has marked a significant milestone by executing its first transaction on a public blockchain, underscoring its growing engagement in the Web3 sector. This landmark transaction, involving tokenized U.S. Treasuries through Ondo Finance, signals a new phase in i…
JPMorganChase 'narrowing' its bitter Viva Wallet dispute
JPMorgan Chase, which owns 48.5% of the Greek fintech, is battling with the company's owners over how to determine valuation, among other disputes. JPMorgan says it is reviewing aspects of the legal case but is still seeking a $1 billion claim in Greece.
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
