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.
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Chainlink Powers Crosschain Settlement With JPMorgan and Ondo as RWA Market Surges
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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
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