We're excited to announce the successful completion of a cross-chain Delivery versus Payment (DvP) transaction in collaboration with Kinexys by J.P. Morgan (@jpmorgan) and @OndoFinance. This milestone marks the first-of-its-kind cross-chain, atomic settlement of a tokenized asset between Kinexys Digital Payments’ permissioned blockchain network and a layer-1 blockchain network. Powered end-to-end by the Chainlink Runtime Environment (CRE), the transaction involved the exchange of Ondo Chain’s Short-Term U.S. Government Treasuries Fund (OUSG) as the asset leg with Kinexys Digital Payments’ network serving as the payment leg. Since inception, the Kinexys platform has exceeded $1.5 trillion in notional value, processing an average of more than $2 billion daily in transaction volume. Payments transactions have grown by 10x year-over-year. 🧵⬇️

Chainlink CRE—a secure offchain computing environment for coordinating activity across blockchains & existing systems—enabled Kinexys Digital Payments to be seamlessly connected at the application layer with Ondo Chain for the atomic DvP transaction. Kinexys ↔️ Chainlink ↔️ Ondo