JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned blockchain network with a public Layer-1 chain, leveraging Chainlink’s interoperability infrastructure. Nelli Zaltsman, head of settlement solutions at Kinexys, said the initiative reflects JPMorgan’s evolving support for institutional clients as they engage with new digital infrastructures. The executive...