900 billion pain points solved: JPMorgan General Blockchain realises real-time settlement of "delivery versus payment".

Author: Cryptoslate

Compilation: Blockchain Knight

JPMorgan has partnered with Ondo Finance and Chainlink to complete a groundbreaking pilot deal that bridges the gap between traditional finance and blockchain.

According to a statement on May 14, the banking giant's blockchain arm, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance's tokenised short-term U.S. Treasury product, OUSG.

This is the first time that Kinexys has connected its permissioned blockchain network to a public Layer 1 chain through Chainlink's interactive infrastructure.

Nelli Zaltsman, head of settlement solutions at Kinexys, said the move reflects JPMorgan's evolving support for institutional clients as they engage with new digital infrastructure.

"By securely and thoughtfully seamlessly connecting our institutional payment solutions with external public and private blockchain infrastructure, we can provide our...

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