Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Partner to Bring Bank Payment Rails to Tokenized Asset Markets

Chainlink announced via X on Wednesday that it has completed a cross-chain Delivery versus Payment (DvP) transaction in collaboration with Kinexys by J.P. Morgan and ONDO Finance

Powered end-to-end by the Chainlink Runtime Environment (CRE), the transaction involved the exchange of Ondo Chain’s Short-Term U.S. Government Treasuries Fund (OUSG) as the asset leg with Kinexys Digital Payments’ network serving as the payment leg.

The successful transaction utilized blockchain deposit accounts on Kinexys Digital Payments' permissioned network for payment settlement, Ondo Chain's next-generation Layer 1 blockchain purpose-built to scale the tokenization of real-world assets, Ondo's flagship tokenized U.S. Treasuries Fund (OUSG), and Chainlink's secure cross-chain orchestration infrastructure.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 4% over the past 24 hours, trading at $16.65 at press time.