JPMorgan Chase just ditched its private blockchain networks for public infrastructure – a major plot twist in the financial world. The banking giant completed its first real treasury settlement on Ondo Chain, partnering with Chainlink and Kinexys Digital Payments to handle a whopping $2 billion in daily volume. This shift from permission-based systems like Onyx to public decentralized networks signals a seismic change in institutional finance. The full story reveals why traditional banks are finally embracing the crypto revolution.
In a dramatic shift that’s turning heads on Wall Street, JPMorgan has ditched its private blockchain networks in favor of public infrastructure for treasury trades.
The financial giant just completed its first real treasury settlement using Ondo Chain’s decentralized system – a far cry from its usual comfort zone of private, permission-based networks like Onyx.
This wasn’t some fancy test run or corporate PR stunt.
This was the real deal – hard dollars moving through decentralized pipes, proving blockchain isn’t just PowerPoint promises anymore.
Real money moved through real pipes.
The historic trade was completed in early May 2025 through their specialized division.
The transaction involved tokenized short-term US Treasuries, with Chainlink’s cross-chain tech doing the heavy lifting and Kinexys Digital Payments handling the actual asset settlement.
It’s like watching a conservative accountant suddenly start skateboarding to work.
These ultra-safe investments are typically backed by government guarantees, making this blockchain transition particularly significant.
The whole thing ran on Ondo Chain, a new institutional-grade blockchain built specifically for this kind of financial action.
Chainlink’s Cross-Chain Interoperability Protocol made sure everything played nice together, while their Runtime Environment kept things running smoothly.
Gone are the days of JPMorgan keeping its blockchain toys locked in a private playground.
Let’s talk numbers: The traditional settlement system has managed to lose about $900 billion over the last decade through payment failures.
Ouch.
This new approach, using delivery versus payment automation, could finally fix that expensive mess.
Kinexys already handles $2 billion in daily volume, so they’re not exactly new kids on the block.
The timing isn’t random.
With the regulatory landscape warming up to digital assets, especially post-2024 election, big banks are finally ready to stop playing in their sandbox and join the public blockchain party.
JPMorgan’s move is basically a green light for other institutions still sitting on the fence.
For the tech nerds out there, this is happening on Ondo Chain, a layer-1 blockchain designed to handle real-world assets at scale.
It’s like traditional finance finally decided to upgrade from a flip phone to a smartphone – and went straight for the latest model.
