Hassan Maishera
On Thursday, the Chainlink team announced via a blog post that it is working with Kinexys by J.P. Morgan and Ondo on a way to utilize Kinexys Digital Payments to allow institutional clients to purchase Ondo’s tokenized treasuries.
The three entities successfully completed a cross-chain Delivery vs Payment (DvP) transaction between Kinexys Digital Payments and Ondo Chain’s testnet, with the Chainlink Runtime Environment (CRE) orchestrating settlement.
The Chainlink Runtime Environment (CRE) provides the foundation for cross-chain DvP. By enabling the atomic exchange of assets and payments across disparate networks, CRE helps reduce counterparty and settlement risk compared to traditional approaches.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 4% over the past 24 hours, trading at $13.24 at press time.
