JPMorgan Chase, Chainlink and Ondo Finance complete cross-chain payment settlement test
2025-06-12 13:21:54
According to Cointelegraph, Chainlink, JPMorgan's Kinexys, and Ondo Finance have completed a "first-of-its-kind" cross-chain payment delivery (DvP) settlement test, enabling the exchange of assets between a licensed payment network and a public test network. The test involved Kinexys Digital Payments, a permissioned network operated by JPMorgan, and the Ondo Chain testnet, which focuses on real-world asset (RWA) tokenization, Chainlink said. The settlement was coordinated by Chainlink's Runtime Environment (CRE), an off-chain computing layer designed to support cross-chain interoperability of financial systems. In this transaction, the core asset is Ondo's tokenized U.S. Treasury fund, OUSG, which is exchanged for payments through the Kinexys platform.
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