JP Morgan and Ondo Succeed in Cross-Chain Payment Experiment for RWA Tokenization

Chainlink (LINK), the blockchain division of financial giant JP Morgan, and RWA (Real World Asset) tokenization specialist Ondo Finance announced on the 14th that they have successfully completed a cross-chain payment test for a tokenized U.S. Treasury bond fund.

Specifically, this test involved a DvP (Delivery versus Payment) transaction, which ensures the simultaneous exchange of securities and payments. The parties involved have stated that the success of this test lays the groundwork for more sophisticated DvP transactions and future use cases.

DvP transactions previously faced challenges due to system fragmentation and manual...