JPMorgan Completes First Public Trade of Tokenized U.S. Treasuries on $ONDO Ledger
- JPMorgan used Ondo Finance to execute its first public blockchain trade involving U.S. Treasury bonds on the $ONDO ledger.
- Over $1 billion in Treasury tokens is now live across Ethereum, Polygon, Avalanche, Stellar, and $ONDO networks.
- The SEC is reviewing frameworks and exemptions to support legally compliant issuance of tokenized government securities.
JPMorgan Chase has executed its first public transaction involving tokenized U.S. Treasury bonds on the $ONDO public ledger. The trade was facilitated by Ondo Finance and involved short-term Treasuries backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). These assets allow 24/7 blockchain-based settlement while adhering to institutional custody and regulatory standards.
The transaction was processed via JPMorgan’s Onyx Digital Assets platform, which the bank launched in 2020. Onyx has previously been used for intraday repo settlements and transactions involving JPM Coin.
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Ondo Finance CEO Nathan Allman said the product targets entities that hold stablecoins—such as DAOs, Web3 firms, and crypto-native funds—that need reliable, low-risk …
The post JPMorgan Completes First Public Trade of Tokenized U.S. Treasuries on $ONDO Ledger appeared first on Coin Edition.
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JPMorgan Completes First Public Trade of Tokenized U.S. Treasuries on $ONDO Ledger
- JPMorgan used Ondo Finance to execute its first public blockchain trade involving U.S. Treasury bonds on the $ONDO ledger.
- Over $1 billion in Treasury tokens is now live across Ethereum, Polygon, Avalanche, Stellar, and $ONDO networks.
- The SEC is reviewing frameworks and exemptions to support legally compliant issuance of tokenized government securities.
JPMorgan Chase has executed its first public transaction involving tokenized U.S. Treasury bonds on the $ONDO public ledger. The trade was facilitated by Ondo Finance and involved short-term Treasuries backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). These assets allow 24/7 blockchain-based settlement while adhering to institutional custody and regulatory standards.
The transaction was processed via JPMorgan’s Onyx Digital Assets platform, which the bank launched in 2020. Onyx has previously been used for intraday repo settlements and transactions involving JPM Coin.
Stablecoin Holders Target Treasury Tokens
Ondo Finance CEO Nathan Allman said the product targets entities that hold stablecoins—such as DAOs, Web3 firms, and crypto-native funds—that need reliable, low-risk …
The post JPMorgan Completes First Public Trade of Tokenized U.S. Treasuries on $ONDO Ledger appeared first on Coin Edition.
Read More
Ondo Finance Acquires SEC-Regulated Broker Oasis Pro to Expand Tokenized Stock Offering in the U.S.