JPMorgan Bank has used a public blockchain for the first time to conduct a transaction. The deal was made in collaboration with Chainlink and Ondo Finance.
This is reported by Бізнес • Медіа
In May 2025, JPMorgan’s blockchain division, Kinexys, initiated a funds transfer between two accounts within the bank’s private network. This occurred as part of the purchase of tokenized treasury bonds on the public Ondo network. The transaction was accompanied by the use of Chainlink, as stated in the bank’s official announcement.
Nelly Zaltsman, head of payment solutions at Kinexys, reported that the bank has created a fully-fledged infrastructure for such operations. Sergey Nazarov, co-founder of Chainlink, confirmed that this initiative is already moving towards a full launch, rather than being just another “proof of concept.”
“This debut transaction is not just an important milestone, but a statement about the future of finance,” said Nathan Allman, CEO of Ondo Finance, in a comment to Decrypt.
Colin Cunningham, head of tokenization at Chainlink Labs, emphasized that the JPMorgan transaction marks “the first instance of a global bank connecting its core payment infrastructure to a public blockchain.”
“This is a fundamental step towards a future where real assets — particularly U.S. government bonds — can move freely between public and private networks,” Cunningham highlighted.
It is worth noting that Kinexys previously signed agreements with eight of the largest banks in the Middle East and North Africa (MENA), opening new opportunities for international settlements among financial institutions.