JPMorgan has successfully executed its first transaction on a public blockchain, involving projects Chainlink and Ondo Finance. This event marks an important step in the development of financial technologies, as reported by Fortune.
This is reported by Finway
Details of the Deal
In May 2025, JPMorgan’s blockchain division, Kinexys, initiated a funds transfer between two accounts within the bank’s private network to purchase tokenized treasury bonds on the public Ondo network. Chainlink technologies were utilized during the transaction.
“This debut transaction is not just a significant milestone, but a statement about the future of finance,” said Nathan Allman, CEO of Ondo Finance, in a comment to Decrypt.
Impact on the Financial Sector
According to Nelly Zaltsman, head of payment solutions at Kinexys, the bank has created a comprehensive infrastructure for conducting such operations. Sergey Nazarov, co-founder of Chainlink, confirmed that this initiative is already moving towards a full launch, rather than being merely a “proof of concept.”
“This is a fundamental step towards a future where real assets — specifically U.S. government bonds — can move freely between public and private networks,” noted Colin Cunningham, head of tokenization at Chainlink Labs.
Additionally, Kinexys has previously signed agreements with eight of the largest banks in the Middle East and North Africa (MENA), enabling financial institutions to conduct international settlements more efficiently.