The chainlink, Kinexys of JPMorgan and Ondo Finance completed a “first-of-its-kind” transmission of crosschain compared to the settlement (DVP) settlement between a permission of payment network and a public testnet.
The test is involved in Kinexys digital payments, a consent network operated by JPMorgan and Ondo chain’s testnet, focusing on Real-World Asset tokenization (RWA)Chainlink said on a Thursday announcement.
The regulating was fixed using the Runtime Environment (Cre) of the chainlink, a Compute layer of Offchain designed for interoperable financial systems. In the middle of the transaction is OUSG, the tokenized US Treasurys fund of the Ondo, which has been exchanged for payment via the Kinexys platform.
Moving has come as tradfi and Decentralized Finance (DEFI) More linking. With more than $ 23 billion in tokenized RWAs today Live In public blockchains, the need for crosschain repairs is growing.
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How is the negotiation?
The recent DVP test is involved in the exchange of OUSG and a simultaneous FIAT payment through digital payments of Kinexys.
Cre announced the work flow, verified Escrow events in the Ondo chain, the payment instructions began through Kinexys and fixed the final regulating. Interestingly, the transaction instructions crossed between the networks.
The successful transaction is the first to be executed at the Ondo Chain Testnet and represents an expansion of Kinexys’ extension capabilities beyond private chains.
“The Cre is highly configured and can be used to resolve different types of DVP transactions of various complexity, including single-chain and multichein DVP transactions, which activates complex financial activity with reduced counterparts and risk of settlement,” Chainlink said.
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RWA Market screams 260%
In the first half of 2025, the RWA market move forward by more than 260%, which is more than $ 23 billion In total appreciation. It was $ 8.6 billion at the beginning of the year, according to a Binance research report shared with Cointelegraph.
The tokenized private credit led the RWA Market Boom, which costs about 58% of the market sharing, followed by the US Treasury’s tokenized debt, worth 34%.
New players are constantly entering the market. On June 5, the Pan-European Fund APS manager bought 3 million euros ($ 3.4 million) in tokenized bonds Tied to two features of Italy’s residence listed in Metawealth.
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