J.P. Morgan demonstrated cross-chain trading at the RWA Summit! Traditional finance is accelerating its integration with DeFi and tokenization.

The crypto circle (120BTC.coM) news: Nelli Zaltsman, head of JPMorgan's blockchain department Kinexys, shook hands with Sergey Nazarov, co-founder of Chainlink, at the RWA Summit 2025 in Cannes, France. The on-site screen simultaneously displayed a successful cross-chain transaction settlement, signaling that the artificial barrier between traditional finance and Decentralized Finance is collapsing. Zaltsman stated that the integration speed is "faster than the outside world imagines."

Technical Demonstration Reveals the Convergence of TradFi and DeFi

The pilot combines Kinexys, Chainlink, and Ondo Finance to achieve atomic delivery of the physical asset (RWA) and multi-chain synchronous settlement, saving time and reducing mismatch risk compared to traditional processes. Kinexys adopts an "asset-agnostic" design, allowing access to multiple public chains while complying with regulatory requirements in various regions.

From Quorum, JPMCoin to today's Kinexys and JPMD Token, JPMorgan Chase has gradually expanded peer-to-peer payments into a comprehensive on-chain financial service. The JPMD Token is currently circulating on Coinbase's Base L2, fully backed by bank deposits, and is only open to whitelisted clients. The goal is to provide an on-chain "cash" solution and to gain an advantage in future digital asset competition.

Dual Push of Regulation and Capital

AInvest's survey shows that 75% of institutions plan to expand their digital asset allocation by 2025. BlackRock and Deutsche Bank have launched tokenized products one after another, while Robinhood has also issued blockchain stock tokens. On the regulatory front, the U.S. House of Representatives has proposed the GENIUS Act to establish a framework for stablecoins, and Coinbase has also obtained a full license under the EU's MiCA, accelerating asset on-chain.

Nazarov pointed out: "Cryptographic proofs and smart contracts enable small and medium-sized institutions to achieve frontline bank-level credibility, which will promote competition and innovation."

Banks and asset management companies must therefore reassess their systems and strategies; retail investors can expect higher transparency and lower transaction costs. However, cross-chain interoperability, cybersecurity, and multinational regulatory coordination still need to be overcome. Within three years, on-chain and off-chain will become a continuous spectrum within the same coordinate system, and those who interpret the new language first will hold the dominant position.