JPMorgan Chase Settles First Transaction on Public Blockchain Using Chainlink (LINK) and Ondo Finance (ONDO): Report

By: bitcoin ethereum news|2025/05/15 03:15:07
0
Share
copy
The biggest bank in the US is expanding its foray into digital assets and is now reportedly settling blockchain transactions outside of its proprietary networks. JPMorgan Chase has announced that it has settled its first transaction on a public ledger using oracle service Chainlink (LINK) and tokenization-focused platform Ondo Finance (ONDO), Fortune reports. The transactions mark the first time JPMorgan has ventured beyond its private blockchain tech, which it was previously developing exclusively for customer use. Says Chainlink co-founder Sergey Nazarov, “This is not just another POC (proof of concept)... This is the beginning of something big.” Nelli Zaltsman, head of JPMorgan’s blockchain division called Kinexys, said that the move into public networks is something that has been in the making for years, telling Fortune that she met Chainlink’s Nazarov at a conference two years ago and has remained in conversation ever since. Kinexys, which rebranded from Onyx late last year, is meant to allow “leading corporations, financial institutions and fintechs [to] streamline money movement, improve asset settlement times, unlock liquidity and create new revenue opportunities,” the bank says. According to a November 2024 announcement, Kinexys had processed $1.5 trillion in transaction volume since its inception and had experienced over 10x growth in payments transactions. At time of writing, LINK and ONDO are up 24% and 21% on the week, respectively. Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: DALLE3 Source: https://dailyhodl.com/2025/05/14/jpmorgan-chase-settles-first-transaction-on-public-blockchain-using-chainlink-link-and-ondo-finance-ondo-report/

You may also like

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Popular coins

Latest Crypto News

Read more