JPMorgan, Chainlink and Ondo Finance achieve transaction between public and private blockchain networks

An essay integrated the network Blockchain deprived of JPMorgan With another public, using bonds of the Treasure tokenized and testing the usefulness of this mechanism.

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• The test used the method DVP to simultaneously liquidate active and payments
• Chainlink acted as an infrastructure to link both networks
• The asset involved was a tokenized background of bonds of the Treasure issued by Ondo

In an important step towards financial interoperability based on blockchain, JPMorgan, Chainlink and Ondo Finance They have successfully completed a evidence that demonstrates how real world assets can be settled between public and private and efficiently private networks.

According to reports published today, the transaction was made in the test network of Ondo Chain, The New Blockchain of ONDO FINANCE Designed to tokenize traditional financial assets. A mechanism called Delivery versus Payment (DVP), which allows both assets and payment to be transferred at the same time, minimizing the risk of breach by any of the parties.

The asset involved was OUSG, A bond background Treasure American token ONDO FINANCE. Payment was made through deposit accounts on the network Kinexys of JPMorgan, A platform Blockchain private designed for digital payments. Chainlink provided the necessary infrastructure to coordinate the transaction safely between both networks.

The method DVP, Although technically viable in traditional systems, it faces multiple obstacles due to the fragmentation of infrastructure and manual flows. According to estimates cited by companies, failures in payment and liquidation processes have cost the market participants at least USD $ 914,000 million only in the last decade.

In addition, regulatory, geographical and exchange complexities increase the challenges of executing this type of international transactions. Therefore, this experiment represents a tangible advance towards safer and more efficient solutions.

The role of each company

Chainlink, known for facilitating the connection between networks Blockchain and external sources of data, it was essential to ensure that both networks were communicated without compromising safety or regulatory compliance.

Sergey Nazarov, co -founder of Chainlink, He stressed that this transaction demonstrates the growing interest of institutions to operate in networks Blockchain public, provided that there are technical standards and connection capabilities between networks, which are reliable. It is increasingly clear for institutions that there is a large market in the public chain ecosystem, he said.

For its part, JPMorgan contributed its payment infrastructure Kinexys, launched in 2019 and has processed more than USD $ 1.5 billion in transactions since then. Currently, the average daily volume exceeds USD $ 2 billion, with an year -on -year growth of 10 times in volume of payments. However, this network still represents only a fraction of the total of USD $ 10 billion that manages the bank’s payment division daily.

Nathan Allman, CEO of ONDO FINANCE, He described the operation as a statement on the future of finance. This transaction in the test network of Ondo Chain It is not just a milestone, it is a clear sign of where the industry is directed, he said.

Tokenization as an expanding trend

The process of tokenize real assets – as bonds, actions or real estate – has gained impulse in recent years. Its defenders argue that this approach can modernize financial markets, reducing liquidation times, increasing transparency and decreasing costs through records in records Blockchain.

These types of innovations are seen by many institutional actors as a path to more efficient and globally accessible financial systems. Interoperability, in particular, is a key piece for these technological promises to fulfill their market potential.

The success of this test prepares the land for more complex use cases in the future, including transactions between jurisdictions with different currencies or regulations. The three companies said they will continue to collaborate in new evidence with the aim of creating a stronger infrastructure for the institutional adoption of the blockchain.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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