JPMorgan Makes First Tokenized Bond Purchase

Major bank JPMorgan Chase has completed its first transaction on a public blockchain, using technologies from Ondo Finance and Chainlink. 

📅 According to Fortune, the transaction took place in early May and involved transferring funds between JPMorgan’s private network (Kinexys) to settle the purchase of tokenized Treasury bonds. This step by GPMorgan marks significant progress towards integrating blockchain technology into traditional financial systems.

🚀 This development will help banks become more efficient in transactions and settlements and will lend credibility to the development of new technologies in the financial industry. 

With this move, JPMorgan is recognized as one of the pioneers of the use of blockchain in modern banking.
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