- JP Morgan completed its first public blockchain transaction using Chainlink and Ondo’s tokenized U.S. Treasury bonds.
- Chainlink enabled atomic settlement between JP Morgan’s closed system and public blockchain in real-time.
JP Morgan has completed its first financial transaction on a public blockchain. What’s more interesting is that they’re not alone. Chainlink and Ondo Finance are two key partners in executing the transaction, which involves the purchase of tokenized US government bonds.
JUST IN: $4 trillion asset manager JPMorgan Chase settles its first transaction on a public blockchain using #Chainlink and #Ondo to move tokenized treasuries. pic.twitter.com/2sVEj97XHp
— Altcoin Daily (@AltcoinDailyio) May 14, 2025
How JP Morgan Pulled It Off With Chainlink and Ondo
It’s not just the technology used that’s intriguing, but also the way the transaction is done. JP Morgan uses Kinexys Digital Payments—a blockchain-based payments platform formerly known as JPM Coin. The payment is then paired with Ondo Finance’s tokenized bonds.
This is where Chainlink comes in as a bridge between JP Morgan’s closed system and the public blockchain network. The result? Transactions can be completed atomically and in real-time, without having to wait like bank transfers on the weekend.
Why This Isn’t Just Another Blockchain Transaction
On the other hand, this transaction uses a cross-chain Delivery versus Payment (DvP) model. That means the assets and money are paid for all at once, not in units. If you want to imagine, it’s like you buy a house and the money is immediately transferred to the seller when the keys are transferred to you. There is no lag time, so it is safe from the risk of “the money hasn’t arrived yet.”
Chainlink’s Sergey Nazarov also said that this is the beginning of a new wave. Meanwhile, Ondo Finance CEO Nathan Allman emphasized that this transaction proves that real-world assets can now be traded on-chain without the hassle of legal and compliance. In short, it is safe and legal.
Furthermore, there is another signal that JP Morgan digital assets. On May 12, 2025, they were recorded as increasing their ownership in the Bitcoin ETF to $1.7 billion. This is not a small number, and certainly reflects that they are taking the future of digital assets quite seriously.
Chainlink is also on the rise. Based on data from Santiment released on May 13, 2025, this project is at the top of DeFi development activity. High activity like this is usually a magnet for investors looking for projects that are not only busy in the media but also technically active.
Moreover, as we previously reported, Chainlink has launched the initial phase of the Chainlink Rewards program with Space and Time. There are 100 million SXT tokens up for grabs for eligible LINK stakers. The goal? To expand the reach of their oracle technology and engage the community more deeply, of course.
Interestingly, while the crypto market is often synonymous with volatility and speculation, JP Morgan’s approach feels very institutional. They come with a solid plan, technology, and partners. Imagine if more big banks came in with a strategy like this—not just bringing big money, but also trust that could spread to the public.
Meanwhile, as of the writing time, LINK is trading at about $16.46, up 13.35% over the last 7 days and corrected 4.79% over the last 24 hours.
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