Chainlink, JPMorgan’s Kinexys, and Ondo Finance accomplished a groundbreaking crosschain delivery versus payment (DvP) settlement. This innovative transaction involved Kinexys Digital Payments and the Ondo chain’s testnet, focusing on the tokenization of real-world assets.
The settlement was facilitated by Chainlink’s Runtime Environment, enhancing interoperability between different networks. The exchange utilized Ondo’s OUSG token, which represents tokenized US Treasuries, highlighting the seamless integration of traditional finance with blockchain technology.
The RWA market has surged by over 260% in early 2025, surpassing 23 billion USD in valuation. As tokenized private credit and U.S. Treasury debts drive growth, the need for efficient crosschain settlements in decentralized finance is increasingly critical.
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