Ondo Finance has achieved a main milestone by finishing the primary cross-chain Supply versus Cost (DvP) check transaction on the testnet of its Ondo Chain.
Performed in collaboration with JPMorgan’s Kinexys and Chainlink, this initiative highlights the potential of blockchain to streamline the settlement of tokenized real-world assets (RWAs).
Landmark collaboration with JPMorgan’s Kinexys and Chainlink showcases the way forward for blockchain-based finance
The transaction concerned the settlement of Ondo’s tokenized Quick-Time period U.S. Treasuries Fund (OUSG) on Ondo Chain, paired with blockchain-based deposit accounts on Kinexys Digital Funds for the cost leg. Chainlink’s safe cross-chain orchestration infrastructure, the Chainlink Runtime Setting (CRE), enabled atomic settlement throughout each public and permissioned blockchain networks.
“That is the primary time ever which you can go 24/7, 365 from a tokenized financial institution deposit to a tokenized treasury.”
—@nathanlallman, talking with @coindesk at @consensus2025 after Ondo Chain testnet’s debut transaction in collaboration with @chainlink and Kinexys by @jpmorgan. pic.twitter.com/EUAQYnTtLJ
— Ondo Finance (@OndoFinance) May 16, 2025
Addressing settlement inefficiencies
DvP transactions in conventional finance are sometimes hindered by fragmented techniques and handbook workflows, resulting in delays and counterparty threat. Blockchain-based DvP mechanisms mitigate these points by synchronizing asset and cost transfers. The Ondo-Kinexys-Chainlink collaboration demonstrates how such cross-chain setups can provide:
- Simultaneous settlement of property and funds
- Diminished counterparty and settlement threat
- Better operational effectivity by automation
- Actual-time finality and improved liquidity administration
Expertise and institutional integration
Ondo Chain is designed as a Layer 1 blockchain optimized for RWA tokenization, aiming to bridge public blockchain transparency with the safety of permissioned techniques. The combination with Kinexys marks a important step because the platform expands past non-public chains. Chainlink’s CRE performed a central function in coordinating the check, guaranteeing institutional-grade safety and compliance.
Implications for the longer term
This check lays the groundwork for extra refined DvP implementations and showcases the rising interoperability between conventional monetary establishments and decentralized applied sciences. By efficiently settling a tokenized treasury fund throughout networks, Ondo Finance positions itself as a key participant in advancing the convergence of TradFi and DeFi.
ONDO value outlook: Technicals trace at bullish reversal
Whereas the ONDO token has declined 32% year-to-date, technical indicators counsel a potential turnaround. Common chart analyst “Merlijn the Dealer” lately posted a bullish outlook, noting the token’s help construction has held agency and evaluating the present setup to a earlier breakout sample that led to important good points. In line with the analyst, this might result in 3x good points for the token.
$ONDO SUPPORT NEVER CRACKED.
Retail panicked. Construction held.
This breakout mirrors This autumn 2024.
You both front-run… or watch it 3x from the sidelines. pic.twitter.com/YF3lM6HoAE
— Merlijn The Dealer (@MerlijnTrader) May 15, 2025
CoinCodex’s ONDO price prediction aligns with this sentiment, projecting a robust rally with a potential peak at $4.65 in 2025. If realized, this may mark a new all-time excessive for ONDO and reinforce its relevance in the evolving RWA and DeFi sectors.
