- Chainlink, JPMorgan’s Kinexys, and Ondo Finance have completed the first cross-chain tokenized treasury settlement using real-time DvP infrastructure.
- The test used Chainlink’s Runtime Environment, linking public and permissioned blockchains to reduce settlement risk.
Tokenized treasury settlement is entering a new phase. Recently, Chainlink partnered with Kinexys by JPMorgan and Ondo Finance to conduct a cross-chain Delivery versus Payment (DvP) test transaction. This collaboration marks a breakthrough connecting public and permissioned blockchain systems for institutional-grade finance.
First Cross-Chain DvP Using Tokenized Treasuries
In a previous article, we discussed that Chainlink (LINK) has become a leader in crypto development. The decentralized blockchain oracle network outperformed Ethereum (ETH) in GitHub activity, leading to an 8% LINK rally in a day.
Another update confirms that the blockchain network has reached a major technical milestone. Chainlink, in collaboration with JPMorgan’s Kinexys and Ondo Finance, completed a test transaction involving the exchange of Ondo’s tokenized U.S. Treasuries (OUSG), with Kinexys Digital Payments serving as the other leg.
The trial, executed across multiple chains, included Ondo’s upcoming layer-1 blockchain (Ondo Chain testnet), Kinexys’ permissioned payment network, and Chainlink’s off-chain infrastructure.
The Chainlink Runtime Environment (CRE) powered the transaction, which automated communication and coordination across public and private blockchains.
This ensured that the transaction’s asset and payment sides were settled atomically and in near real-time. The process also enabled a clear, immutable audit trail, reducing settlement risk and removing third-party delays.
OUSG, the tokenized asset used in the test, is the first short-term U.S. Treasuries fund onchain, with over $692 million in total value locked across Ethereum, Solana, Polygon, and XRP Ledger. Kinexys Digital Payments, JPMorgan’s blockchain-based payment solution, handled the digital cash side of the exchange.
Chainlink developers considered JPMorgan and Ondo partners a groundbreaking way to utilize and test new payment rails and settlement systems.
With over $23 billion in tokenized real-world assets (RWAs) now on public chains, reliable tokenized treasury settlement infrastructure has never been more urgent.
Meanwhile, as we covered in our latest report, Chainlink Labs has joined Global Synchronizer Foundation to shape the future of institutional-grade interoperable blockchain applications. These updates are vital in uplifting the outlook of LINK, the Chainlink native token.
Per data from Marketcap, LINK was changing hands for $14.22, down 7.2% in 24 hours. However, when the market price is in the latest collaborations, it may drive a price surge moving forward.
Chainlink Supports Growing Demand for On-Chain Settlements
The collaboration between Chainlink and JPMorgan marks a strong case for how blockchain can modernize financial settlement. The use of on-chain infrastructure has improved transaction speed, brought about transparency, and opened the door for broader adoption among institutional players.
Also, by removing intermediaries and enabling automatic cross-chain settlements, the system reduces cost and improves access. The project also extended Kinexys’ reach beyond private networks, showing how permissioned systems can work with public blockchains.
It is essential to add that Chainlink’s off-chain computer system played a central role, managing activity between chains and real-world financial systems. With the tokenized treasury settlement space expanding quickly, this test marks a key move toward scalable, secure cross-chain financial infrastructure.
Adding to recent exploits, CNF mentioned that Chainlink’s CCT now supports Superchain ERC20. This way, it now enables seamless cross-chain functionality for tokens like ASTR across Optimism’s ecosystem.
Recommended for you:
Credit: Source link
