By admin 
Chainlink, JPMorgan’s Kinexys and Ondo Finance accomplished a “first-of-its-kind” crosschain supply versus cost (DvP) settlement between a permissioned cost community and a public testnet.
The take a look at concerned Kinexys Digital Funds, a permissioned community operated by JPMorgan and Ondo Chain’s testnet, which is concentrated on real-world asset (RWA) tokenization, Chainlink mentioned in a Thursday announcement.
The settlement was coordinated utilizing Chainlink’s Runtime Setting (CRE), an offchain compute layer designed for interoperable monetary methods. On the middle of the transaction was OUSG, Ondo’s tokenized US Treasurys fund, which was exchanged for cost by way of Kinexys’ platform.
The transfer comes as TradFi and decentralized finance (DeFi) more and more converge. With over $23 billion in tokenized RWAs now live on public blockchains, the necessity for crosschain settlements grows.
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How was the settlement executed?
The latest DvP take a look at concerned the trade of OUSG and a simultaneous fiat cost via Kinexys Digital Funds.
CRE orchestrated the workflow, verified escrow occasions on Ondo Chain, initiated cost directions by way of Kinexys and coordinated the ultimate settlement. Notably, solely transaction directions crossed between networks.
The profitable transaction is the primary to be executed on the Ondo Chain testnet and represents an growth of Kinexys’ settlement capabilities past non-public chains.
“CRE is extremely configurable and can be utilized to settle several types of DvP transactions of various complexity, together with single-chain and multichain DvP transactions, enabling complicated monetary exercise with decreased counterparty and settlement danger,” Chainlink mentioned.
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RWA market surges 260%
Within the first half of 2025, the RWA market surged more than 260%, surpassing $23 billion in complete valuation. It was $8.6 billion in the beginning of the yr, in accordance to a Binance Analysis report shared with Cointelegraph.
Tokenized non-public credit score led the RWA market growth, accounting for about 58% of the market share, adopted by tokenized US Treasury debt, which accounted for 34%.
New gamers additionally proceed to enter the market. On June 5, Pan-European fund supervisor APS purchased 3 million euros ($3.4 million) in tokenized bonds tied to 2 Italian residential properties listed on MetaWealth.
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