JPMorgan Chase has successfully settled its first transaction on a public blockchain, involving tokenized U.S. Treasuries on Ondo Finance, and utilizing Chainlink for integration between private and public networks. This milestone marks JPMorgan's continued expansion into blockchain technology following the introduction of JPM Coin in 2019. The experiment is part of their Kinexys decentralized finance project, which aims to merge traditional finance with DeFi solutions. According to Ondo Finance's CEO, this transaction signifies a significant advancement for the future of finance as adoption of blockchain and tokenization of real-world assets grows among institutional investors. With real-world asset tokenization capturing more than $12 billion in total value locked across various decentralized finance platforms, JPMorgan's push reflects broader trends of financial institutions engaging more deeply with Web3 technologies and tokenization initiatives. The use of Chainlink in this transaction underscores a strategic approach to establishing reliable connections within blockchain ecosystems, further paving the way for innovative financial operations.

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