JPMorgan’s Kinexys and Ondo Finance completed a crosschain delivery versus payment (DvP) test, marking the first such settlement between a permissioned and public blockchain

Event date

June 12, 2025

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Chainlink has passed a milestone collaboration with Kinexys and Ondo Finance at JPMorgan, making the first-ever crosschain delivery-versus-payment (DvP) settlement between a privately operated payments network and a public blockchain. The transaction involved tokenized U.S. Treasurys and marks a significant step forward in decentralized financial infrastructure.

Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a “first-of-its-kind” crosschain delivery versus payment (DvP) settlement between a permissioned payment network and a public testnet.

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Week 24 of 2025