BlockBeats reports that on June 12, according to Cointelegraph, Chainlink, JPMorgan's Kinexys, and Ondo Finance have completed a "first-of-its-kind" cross-chain payment delivery (DvP) settlement test, achieving an asset swap between a permissioned Payment Network and a public Testnet. Chainlink stated that this test involved the permissioned network Kinexys Digital Payments operated by JPMorgan and the Ondo Chain Testnet, which focuses on tokenization of real-world assets (RWA). This settlement was coordinated by Chainlink's Runtime Environment (CRE). CRE is an off-chain computing layer designed to support cross-chain interoperability in financial systems. In this transaction, the core asset is Ondo's tokenized U.S. Treasury fund OUSG, which is exchanged for payment through the Kinexys platform.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
JPMorgan, Chainlink, and Ondo Finance have completed cross-chain payment Delivery Settlement testing.
BlockBeats reports that on June 12, according to Cointelegraph, Chainlink, JPMorgan's Kinexys, and Ondo Finance have completed a "first-of-its-kind" cross-chain payment delivery (DvP) settlement test, achieving an asset swap between a permissioned Payment Network and a public Testnet. Chainlink stated that this test involved the permissioned network Kinexys Digital Payments operated by JPMorgan and the Ondo Chain Testnet, which focuses on tokenization of real-world assets (RWA). This settlement was coordinated by Chainlink's Runtime Environment (CRE). CRE is an off-chain computing layer designed to support cross-chain interoperability in financial systems. In this transaction, the core asset is Ondo's tokenized U.S. Treasury fund OUSG, which is exchanged for payment through the Kinexys platform.