JPMorgan made its first tokenized bond transaction.

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One of the world's largest banks, JPMorgan Chase, has executed the first tokenized treasury bond transaction on a public blockchain. The transaction utilized Ondo Finance's infrastructure, while the connection between private and public networks was established through Chainlink.

The transaction in question was conducted on JPMorgan's decentralized finance (DeFi)-focused Kinexys platform. Launched in 2019 as JPM Coin, this platform later rebranded to Kinexys, transforming into a structure aimed at connecting traditional finance with the Web3 world.

Ondo Finance CEO Nathan Allman stated, "This is not just a technical achievement, but a clear message about the future of finance." Chainlink Labs Head of Tokenization Colin Cunningham noted that with this transaction, a global bank has integrated its core payment infrastructure into a public blockchain for the first time.

As of today, the total value of real-world assets on blockchain is over 12 billion dollars, and these assets are traded on more than 80 DeFi platforms.

Published: May 15, 2025 13:09

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