JPMorgan Chase U.S Treasuries transaction on public blockchain signals a transition from it’s previous private only blockchain approach as the bank explores ways to extend its institutional payments infrastructure into the growing real-world asset tokenization market

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But JPMorgan’s recent venture outside the walled garden isn’t due to shifts in the political winds or investors’ recent enthusiasm for crypto, said Zaltsman, the executive at Kinexys. Rather, this has been part of JPMorgan’s roadmap for years, she said. In fact, she and Sergey, the cofounder of Chainlink, first met at a conference two years ago and have been in conversations with them since.

The move signals a shift as the bank explores ways to extend its institutional payments infrastructure into the growing market for real-world asset tokenization.

JPMorgan Chase has completed its first transaction on a public blockchain—a sign of the financial powerhouse's deepening involvement with the Web3 world.