Jpmorgan vibrates global finance with its first defi transaction

The merger between traditional finances (traditional) and decentralized finance (Defi) becomes tangible, step by step. For years, this marriage seemed to be a distant promise. JPMorgan, however, has just finished the main first step and set his first tokenized transaction on a public blockchain. This progress underlines the rise of blockchain in the institutional world and suggests a future where crypto and classical financial coexistence.

Public Crypto’s first transaction: JPMORGAN leaves a closed garden

JPMORGAN, a global financial giant, announced an important message: SuccessA transaction involving token American treasury. This operation took place on the platform Ondo Financepublic blockchain, thanksInteroperability provided by Chainlink. Colin Cunningham, Head of Tokenization in Chainlink Labs, explains:

This is the first time that the Great World Bank has linked its payment system with a public blockchain.

Adds that this grade The future of financial transactionsWhere the real active will be freely circulating between private and public channels.

This transaction is Raised by Kinexys, JPMorgan Defi platform. Its aim is to fill the gap between two worlds, allowing almost immediate regulations and reducing costs. The Kinexys project already manages approximately approximately $ 2 billion in daily volumes and 1.5 trillion of basic assets.

This success confirms the growing capacity of traditional finances to integrate crypto innovation.

Technology and achievements: Chainlink and Ondo in the heart of experience

Experience with Ondo Finance and Chainlink perfectly illustrates the benefits of hybrid technologies. Chainlink acts as a bridge and ensures Secure Communication between Private Blockchain JPMorgan and Public Blockchain Ondo. This interoperability eliminates friction that usually encounters during crypto transactions between different networks. Nathan Allman, CEO of Ondo Finance, insists:

The inauguration transaction is not just the main milestone, it is a statement about the future of finance.

Ondo Finance facilitates tokenization of traditional assetsLike the accounts for the treasury, in a decentralized environment. The Osg Token, used for this transaction, is a tokenized cash market. These innovations allow institutionsacts in open ecosystemswhere liquidity and transparency are strengthened.

JPMorgan has experienced blockchain since 2019 with JPM Coin, famous Kinexys. This project develops toward Solution capable of adjusting transactions 24 hours a dayReducing costs and accelerating cross -instructions payments. The recent public transaction represents a new step in this plan and announces wider adoption in the crypto institutional community.

Key characters and challenges of institutional cryptological transaction

The scope of this project is as financial as technological. Tokenization of actual assets acquires land with more than The value of $ 12 billion locked on more than 80 Defu platformsAccording to the defilation. Blackrock is one of the largest investors with nearly $ 3 billion in tokenized cash funds.

JPMORGAN transaction is part of a growing market, especially among traditional players who want to enter the crypt community. Here are distinctive characters:

• The value of more than $ 12 billion locked with actual active ingredients on the blockchain;
• 1.5 trillion $ underlying active substances controlled by Kinexys;
• Daily volume of $ 2 billion on JPMORGAN platform;
• $ 3 billion in the tokenized liquidity fund in Blackrock;
• More than 80 Defi platforms active on tokenized assets.

These data emphasize the size of the revolution. JPMORGAN will take the main step by direct connection of its payment system to public blockchains. This procedure prepares a field for the future, when a crypto transaction will be in the center of global financial flows.

Blockchain will now find its place in more sectors: finance, health, aviation … But he is still trying to convince certain technological giants like NVIDIA. It remains cautious and sometimes slows down the development of disturbing technology. Despite all, the entry of banks, such as JPMORGAN into the ecosystem, shows that blockchain is gradually stored as the cornerstone of tomorrow’s economy.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.