Chainlink, JPMorgan's Kinexys and Ondo Finance accomplished a comparison to the Crisschain comparison (DVP) for Crisschain Versus (DVP) between a legitimate payment network and a public test.
The test included Kinexy's digital payments, a network operated by JPMorgan and Ondo Chains that focuses on the tokenization of Real World Asset (RWA), said Chainlink in an announcement on Thursday.
The settlement was coordinated with the assistance of Chainlink's Runtime Environment (CRE), an offchain calculation layer that was developed for interoperable financial systems. At the middle of the transaction was OUSG, ONDOS tokenized US Treasury Fund, which was exchanged for payment via the Kinexys platform.
The step comes when tradfi and decentralized funds (defi) increasingly converge. With over 23 billion US dollars of tokenized RWAs, public blockchains now live, and the necessity for Crosschain settlements is growing.
How was the settlement carried out?
The latest DVP test included the exchange of OUSG and a simultaneous Fiat payment by kinexys digital payments.
Cre orchestrated the workflow, verified trust events within the Ondo chain, initiated payment instructions on kinexys and coordinated the ultimate processing. Remarkably crossed only transaction instructions between networks.
Crosschain Atomic DVP settlement between Kinexys and Ondo chain, driven by the Chainlink term environment. Source: chain link
The successful transaction is the primary to be carried out on the Ondo chain test network and places an expansion of the settlement functions of kinexies beyond private chains.
“CRE may be very configurable and will be used to settle several types of DVP transactions of various complexity, including single chain and multi-chain DVP transactions, which enables complex financial activities with a reduced counterparty and settlement risk,” said Chainlink.
The RWA market exceeds 260%
In the primary half of 2025, the RWA market rose by greater than 260%and exceeded the general rating of $ 23 billion. At the start of the yr it was 8.6 billion US dollars.
Tokenized Private Credit directed the RWA market boom, which made about 58% of the market share, followed by a tokenized US financial debt, which was 34%.
New players proceed to step onto the market. On June 5, the Pan-European Fund Manager APS APS APS APS APS (3.4 million US dollars) bought to Toky Bonds, which were certain to 2 Italian residential properties listed in MetAwealth.
