Chainlink’s Runtime Environment (CRE) enabled settlement of Ondo Finance’s tokenized U.S. Treasuries (OUSG) for fiat by verifying escrow conditions on the Ondo Chain testnet and triggering payment through JPMorgan’s Kinexys network

Event date

June 12, 2025

Quotes that support claims

The asset swapped was OUSG, a tokenized fund of U.S. Treasurys by Ondo Finance. Fiat was, in turn, settled through Kinexys, a permissioned payment network sponsored by JPMorgan.

The settlement was coordinated using Chainlink’s Runtime Environment (CRE), an offchain compute layer designed for interoperable financial systems. At the center of the transaction was OUSG, Ondo’s tokenized US Treasurys fund, which was exchanged for payment via Kinexys’ platform.

CRE handled the process by checking escrow conditions on Ondo Chain, initiating payment instructions via Kinexys Digital Payments and final settlement confirmation

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Week 24 of 2025