JPMorgan Completes First Tokenized Treasury Public Transaction Using ONDO Public Ledger

According to Fortune, JPMorgan Chase completed its first settlement transaction of tokenized U.S. Treasury bonds via a public blockchain on May 14, marking a significant step from a "walled garden" private chain to an open blockchain ecosystem. The transaction was facilitated by Ondo Finance's tokenized bond products and implemented through Chainlink's oracle services. Previously, JPMorgan's digital asset operations were mostly conducted on its private chain, Onyx. This transaction indicates a strategic shift towards more open financial infrastructure.