JPMorgan completes cross-chain pilot transaction, marking a new transformation in the integration of TradFi and Decentralization ecosystems.

JPMorgan has partnered with Ondo Finance and Chainlink to successfully complete a cross-chain atomic settlement pilot transaction between a private chain and a public Layer-1 chain. This test not only opened a channel between TradFi and the Decentralization ecosystem but also paved new ways for the custody and clearing of digital assets.

According to a statement on May 14, JPMorgan's blockchain division Kinexys successfully implemented delivery versus payment (DvP) using Ondo Finance's tokenized short-term U.S. Treasury product OUSG on the Ondo Chain testnet, significantly reducing settlement risk.

At the same time, Chainlink's interoperability infrastructure also ensures secure communication, data consistency, and final confirmation within seconds between two blockchain networks.

Nelli Zaltsman, Head of Settlement Solutions at Kinexys, pointed out: "By seamlessly integrating our institutional payment solutions with various blockchain infrastructures, we are able to provide more scalable transaction clearing services for our clients and the broader financial ecosystem."

Over the past decade, traditional DvP settlement has caused market participants to incur efficiency losses of over $900 billion due to system fragmentation and a large number of manual processes; this pilot project has fully demonstrated the immense potential brought by real-time settlement and automated processes.

It is worth mentioning that this cross-chain pilot also provides a model for cross-border transactions. In other words, global institutional clients can enjoy conducting business more quickly and securely, no longer constrained by the frictions brought about by different jurisdictions, currencies, and regulatory rules.

Chainlink co-founder Sergey Nazarov stated that this move is an important milestone in connecting TradFi and Decentralization, and that only secure public linkages and powerful cross-chain tools can help institutions explore new global markets.

With the implementation of this pilot, JPMorgan is proving to us that blockchain achieving on-chain interoperability is not an unattainable goal; it is gradually being realized and is fundamentally changing the settlement and clearing methods of TradFi.

In summary, the era of on-chain interconnection has arrived. Are you ready to迎接更多 TradFi institutions moving towards this new infrastructure wave?

#摩根大通 # cross-chain transaction #互操作性 # on-chain interconnection