The world of decentralized finance continues to evolve, and Chainlink, a leading oracle provider, recently reported the completion of its first cross-chain transaction with tokenized assets in partnership with J.P. Morgan.
More About The First Transaction
In May 2025, Chainlink, Kinexys—a blockchain platform from J.P. Morgan, and Ondo Finance successfully completed a first-of-its-kind cross-chain transaction based on the DvP (Delivery Vs. Payment) model. The transaction took place on the Ondo Chain test network designed for institutional real assets.
The transaction involved the exchange of short-term U.S. government treasury bonds (OUSG) from Ondo Chain, and the payment system was Kinexys Digital Payments. All asset movements and payments were managed by a highly regarded DvP solution based on Chainlink Runtime Environment (CRE), ensuring appropriate security and compliance.
What Is A Cross-Chain DvP Transaction?
The Delivery versus Payment (DvP) model is a fundamental settlement mechanism used in securities trading. It guarantees that assets are only transferred to the buyer once the seller has received corresponding payment, minimizing settlement risks and misconduct by counterparties.
In the traditional financial system, the DvP mechanism is hindered by fragmented infrastructure leading to delays and errors. However, in blockchain environments, DvP becomes an essential technology through synchronous transfer of assets and payments between different networks.
How Will The Deal Affect The Market?
This transaction opens new horizons for investors. Interest in tokens associated with the Chainlink and Ondo ecosystems may increase significantly. Chainlink maintains its position as a key infrastructure provider for DeFi and TradFi, particularly in cross-chain interactions.
For traditional finance, the transaction illustrates the practical value of blockchain: automation, cost reduction, faster settlements, and transparency. Chainlink eliminates the need to trust a single party, allowing banks to utilize blockchain as a next-generation settlement layer.
Chainlink is at the heart of transformation and opens up opportunities not only for asset exchange but also for rethinking global finance principles.
