JPMorgan Chase, before it’s first U.S Treasuries transaction on public blockchain, has pursued a “walled garden” approach to blockchain development by building a private network accessible only to its clients, rather than integrating with public blockchains

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JPMorgan Chase has been steadily developing its own blockchain tech for years. But, instead of integrating it with public blockchains, the U.S.’s largest bank has taken what many in crypto call the “walled garden” approach and built out a private network only its customers can use. Now, JPMorgan is venturing beyond that garden. On Wednesday, it announced that it had settled a transaction on a public ledger with the help of the crypto firms Chainlink and Ondo Finance.