🟦The largest U.S. bank, JPMorgan, has completed its first settlement of tokenized bonds on a public blockchain. The transaction was executed via the Ondo Finance network using the Chainlink protocol. This marks a major step beyond the bank’s private Kinexys blockchain, which was previously accessible only to JPMorgan clients. Integration with a public network is part of the bank’s long-term strategy and highlights the growing institutional readiness to engage with open blockchain systems.
🟦The market reacted immediately: the ONDO token surged 8% following the news. At the same time, other major banks are also showing increasing interest in asset tokenization and the issuance of stablecoins — indicating a broader trend of institutional migration into the crypto space.