JPMorgan Completes First Public Blockchain Transaction Using Chainlink and Ondo

May 14, 2025, JPMorgan Chase executed its first-ever transaction on a public blockchain using Ondo and Chainlink.

The move marks a key departure from its historical reliance on permissioned systems. The transaction utilized tokenized U.S. Treasuries, powered by infrastructure from Ondo Finance and Chainlink.

This development reflects a growing trend—public blockchains are no longer off-limits to institutions.

The Tech Behind JPMorgan Using Ondo and Chainlink

The settlement took place on Ondo Chain, a layer-1 blockchain purpose-built for tokenizing real-world assets (RWAs).

JPMorgan’s blockchain arm, Kinexys, led the transaction involving short-term tokenized Treasuries. The payment side was handled by Kinexys Digital Payments.

For secure, real-time delivery, Chainlink’s CCIP and CRE enabled a Delivery versus Payment (DvP) model—ensuring that asset delivery and payment execution occurred atomically.

This cross-chain interaction between JPMorgan’s private network and Ondo’s public chain may pave the way for scalable and compliant financial infrastructure.

From Testbed to Real-World Impact

JPMorgan has been experimenting with blockchain for years, with over $1.5 trillion in value handled on its private networks.

But this successful real-world test on a public chain represents a new era.

According to industry insiders, it lays the groundwork for future DvP models, advanced asset tokenization, and broader institutional participation.

What This Means for You

For everyday investors, this could bring tokenized U.S. Treasuries to your digital wallet—offering round-the-clock trading and passive yield options outside traditional banking hours.

Benefits include:

• Improved transparency
• Faster settlements
• Lower entry barriers for retail participants

However, some challenges remain. Regulatory approval, platform security, and scalability concerns still need to be addressed.

For institutions, this transaction could serve as a blueprint. Integrating public blockchains like Ondo Chain may enable seamless, cost-efficient financial operations.

The question now is: who’s next?

Community Reacts on JPMorgan Choosing Ondo and Chainlink

• Luigi reflected back on the time when JPMorgan called crypto a scam. Times change
• Insha believes that JPMorgan has now crossed the Rubicon
• SabiiSB believes that TradFi cannot ignore crypto anymore