Chainlink, JPMorgan's Kinexys, and Ondo Finance have successfully executed a pioneering crosschain delivery versus payment (DvP) settlement, linking a permissioned payment network with a public blockchain. The transaction, which took place on the Ondo Chain testnet, utilized Chainlink's Runtime Environment (CRE) to facilitate the exchange of Ondo's tokenized US Treasurys fund (OUSG) for payment through Kinexys. This settlement represents an advancement in Kinexys' capabilities, now extending beyond private chains into crosschain settlements. The CRE provided orchestration for the workflow, ensuring verification of escrow events and the coordination of payment instructions, enhancing the settlement process while minimizing risks typically associated with crosschain transactions.

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