TechFlow news, May 24 — According to TokenFi, JPMorgan Chase, one of the world's largest banks, has completed its first transaction settlement involving U.S. Treasury bonds on a public blockchain.
The transaction utilized Ondo Finance's tokenized U.S. Treasuries and connected JPMorgan's internal private system to the public Ethereum network via Chainlink's Cross-Chain Interoperability Protocol (CCIP). This marks a milestone in traditional financial institutions beginning to process real-world assets (RWA) on public blockchains.
According to DeFiLlama data, the total value locked in real-world asset tokenization has surpassed $12 billion across more than 80 different platforms. BlackRock's tokenized money market fund currently holds nearly $3 billion, while demand for Ondo Finance's U.S. Treasury-backed tokens is also surging.
