JPMorgan trades US bonds on the public blockchain

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On May 14, JPMorgan Chase completed a payment transaction for U.S. Treasury bonds encrypted on a public blockchain, marking the first transfer from a private "walled garden" chain to an open blockchain ecosystem. This transaction was facilitated by Ondo Finance, utilizing encrypted treasury products and carried out through Chainlink's oracle service.

Previously, JPMorgan Chase's digital asset activities were mainly on the private Onyx blockchain. The shift to a public blockchain indicates that their strategy is moving towards a more open financial infrastructure. This represents an important step in integrating traditional financial systems with cryptocurrency technology, opening up many opportunities for innovation and diversification in this field.

This content is for market informational purposes only and is not investment advice.

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