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JPMorgan, Chainlink, and Ondo Finance have completed cross-chain payment Delivery Settlement testing.
BlockBeats reports that on June 12, according to Cointelegraph, Chainlink, JPMorgan’s Kinexys, and Ondo Finance have completed a “first-of-its-kind” cross-chain payment delivery (DvP) settlement test, achieving an asset swap between a permissioned Payment Network and a public Testnet. Chainlink stated that this test involved the permissioned network Kinexys Digital Payments operated by JPMorgan and the Ondo Chain Testnet, which focuses on tokenization of real-world assets (RWA). This settlement was coordinated by Chainlink’s Runtime Environment (CRE). CRE is an off-chain computing layer designed to support cross-chain interoperability in financial systems. In this transaction, the core asset is Ondo’s tokenized U.S. Treasury fund OUSG, which is exchanged for payment through the Kinexys platform.