according to TokenFi, one of the world's largest banks, JPMorgan Chase, has completed its first transaction settlement involving US Treasury bonds on a public blockchain.
This transaction used Ondo Finance's tokenized US Treasury bonds and connected JPMorgan Chase's internal private system to the public Ethereum network through Chainlink's Cross-Chain Interoperability Protocol (CCIP). This marks the beginning of traditional financial institutions processing real-world assets (RWA) on public blockchains.
According to DeFiLlama data, the total value of tokenized real-world assets locked has exceeded $12 billion, distributed across more than 80 different platforms. BlackRock's tokenized money market fund currently holds nearly $3 billion, and there is also a sharp increase in demand for Ondo Finance's tokenized US Treasury bonds.
All Comments