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All powered by Chainlink

@datruthhuts Your understanding of Chainlink is stuck in 2019
Chainlink is unified developer platform that provides secure access to onchain data delivery, cross-chain interoperability, offchain computation, and legacy system connectivity
It’s the glue between chains and existing systems
@datruthhuts You’re still overindexing on pricing data uses cases, that’s a fraction of what Chainlink does
We're excited to announce the successful completion of a cross-chain Delivery versus Payment (DvP) transaction in collaboration with Kinexys by J.P. Morgan (@jpmorgan) and @OndoFinance.
This milestone marks the first-of-its-kind cross-chain, atomic settlement of a tokenized asset between Kinexys Digital Payments’ permissioned blockchain network and a layer-1 blockchain network.
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.
Since inception, the Kinexys platform has exceeded $1.5 trillion in notional value, processing an average of more than $2 billion daily in transaction volume. Payments transactions have grown by 10x year-over-year.
🧵⬇️

@datruthhuts Chainlink facilitated secure interoperability between a permissioned bank chain and a public RWA chain, orchestrating settlement instruction data between chains while ensuring regulatory compliance
The Chainlink Runtime Environment (CRE) shouldn't be slept on, especially for banking and capital market use cases 👀
CRE is the new architecture of the @Chainlink platform that allows for the creation of programmable offchain workflows that can orchestrate activity between any blockchain and any existing system
Rather than having one monolithic oracle network that does everything, you have a collection of oracle networks that offer specific capabilities (e.g., fetch API, generate consensus, write to chain, etc) that can be combined in a customized manner to meet specific use case requirements
This flexibility provides individual developers and organizations the ability to quickly create advanced applications that span multiple chains and connect to various external systems
In this case, CRE connected J.P. Morgan's permissioned payments blockchain Kinexys to the Ondo Chain testnet to facilitate a cross-chain DvP transactions involving a tokenized U.S. Treasury fund (OUSG)
CRE can enable various kinds of blockchain-enabled DvP workflows involving onchain or offchain payments, enabling tokenization platforms to access a larger pool of buyers
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