Yes, JP Morgan is actively using Chainlink to connect its permissioned blockchain network with external public blockchains to facilitate the settlement of tokenized assets. The banking institution recently conducted a successful test transaction through CCIP for settling tokenized US Treasuries against its own cash deposits.
Integration and Pilots
JP Morgan has taken Chainlink out of the research phase and is now using the technology in real production pilots. Integration is mostly through Kinexys (formerly Onyx), JP Morgan’s blockchain division. The bank is using Kinexys to integrate Chainlink’s CCIP to allow its private interbank payment network to connect with public layer 1 blockchain networks.
In a historic trade that occurred in mid-2025, JP Morgan partnered with Chainlink and Ondo Finance to showcase a cross-chain Delivery versus Payment (DvP) transaction. Here, Chainlink acted as the mediator that orchestrated the simultaneous exchange of assets and funds across environments. This enabled a tokenized U.S. Treasuries fund (OUSG) on public blockchain to be traded against USD deposits on JP Morgan’s private digital payment systems.
Solving the Interoperability Challenge
The main reason for this partnership is the “silo” issue in institutional finance. JP Morgan has a very effective internal ledger that processes billions of dollars every day, but this system is not natively compatible with public chains such as Ethereum or Avalanche, on which many tokenized assets are issued.
Through Chainlink, JP Morgan can access the entire digital asset ecosystem without having to overhaul its existing processes. JP Morgan employs Chainlink’s Runtime Environment (CRE) and Automated Compliance Engine (ACE) to ensure institutional banking tiers of regulatory and security needs, while also gaining access to the liquidity and accessibility of the public chains. This collaboration places Chainlink as the crucial “middleware” that enables traditional finance (TradFi) to connect with decentralized finance (DeFi).
Kinexys and the Industry
The sheer scale of this usage can only be put into context with an overview of JP Morgan’s blockchain strategy. The bank’s blockchain unit has facilitated more than $1.5 trillion in transactions since its launch. Its core technology, like JPM Coin, was initially built for private use.
But with the rise of the need for tokenized real-world assets (RWAs), the industry is coalescing around common technical standards. JP Morgan is among several financial institutions that include Swift and UBS that have signaled Chainlink as a likely contender as the global standard for interoperability. This is part of a broader movement by central banks and private institutions to find a unified interoperability layer to avoid an atomisation of the global financial system as it moves onto the blockchain.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
