JPMorgan Settles Tokenised Fund Trade on Public Blockchain

JPMorgan’s Kinexys links up with Ondo and Chainlink to execute a public chain settlement for tokenized money market funds.

It was a bit of a head-turner yesterday when JPMorgan announced it had tested its first tokenized asset transaction on a public blockchain.

Funny how Dimon keeps dunking on crypto in public while his team quietly builds the pipes in the background, as others are still stuck arguing about regulation. More on that below.

Here’s what else we’re covering today:

  • VanEck launches tokenized money market fund

  • SEC tokenization roundtable: key takeaways

  • Chat with BitGo COO about MiCA license

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JPMorgan Settles Tokenised Fund Trade on Public Blockchain

A new frontier: Yesterday, Ondo Finance, Chainlink, and JPMorgan announced a new interoperability milestone: for the first time, JPMorgan’s Kinexys Digital Payments (formerly JPM Coin) was used to settle a delivery-versus-payment (DvP) transaction for a tokenized asset issued on a public blockchain.

How the flow worked:

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