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Chainlink, JPMorgan, Ondo Finance complete crosschain treasury settlement

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Chainlink, Kinexys by JP Morgan, and Ondo Finance complete the first crosschain DvP settlement, signaling a major step for tokenized asset settlement.
The article from Cointelegraph discusses a collaboration between Chainlink, JP Morgan, and Onyx to develop a cross-chain delivery-versus-payment (DVP) settlement solution. This initiative aims to facilitate secure and efficient tokenized asset transactions across different blockchain networks. The solution leverages Chainlink's Cross-Chain Interoperability Protocol (CCIP) and JP Morgan's Onyx platform to ensure that the transfer of assets and payments occurs simultaneously, reducing counterparty risk. The project is part of a broader effort to enhance the interoperability and efficiency of blockchain-based financial systems, potentially revolutionizing how tokenized assets are traded and settled across various networks.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/chainlink-jp-morgan-ondo-crosschain-dvp-settlement ]