Chainlink, JP Morgan, Ondo Settle First Crosschain DvP

Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a “first-of-its-kind” crosschain delivery versus payment (DvP) settlement between a permissioned payment network and a public testnet.

The test involved Kinexys Digital Payments, a permissioned network operated by JPMorgan and Ondo Chain’s testnet, which is focused on real-world asset (RWA) tokenization, Chainlink said in a Thursday announcement.

The settlement was coordinated using Chainlink’s Runtime Environment (CRE), an offchain compute layer designed for interoperable financial…