JPMorgan completed its first transaction settlement on a public ledger with Chainlink and Ondo.

According to Foresight News, JPMorgan announced today that it has completed a transaction settlement on a public ledger with the help of cryptocurrency companies Chainlink and Ondo Finance. JPMorgan previously used a private blockchain network that only customers could access. In early May, JPMorgan's blockchain division Kinexys transferred funds between two accounts on its private blockchain to settle the tokenized treasury bond purchase on the Ondo public ledger. To trigger the payment, JPMorgan used Chainlink, a protocol that allows blockchain to process external information. Ondo stated that this transaction utilized the Testnet of Ondo Chain, Ondo's flagship tokenized short-term U.S. Treasury fund (OUSG), blockchain deposit accounts on the Kinexys Digital Payments licensed network (for payment settlement), and Chainlink's secure cross-chain orchestration infrastructure. This transaction represents the first application of the Ondo Chain infrastructure.