JPMorgan Chase’s first public transaction of tokenized treasuries using Chainlink’s $LINK, announced on May 14, 2025, marks a significant step in blockchain adoption by traditional finance, building on a 2024 DTCC pilot with Chainlink that included major players like BNY Mellon and Franklin Templeton to standardize fund data on blockchains.
Chainlink, launched in 2019 to solve the blockchain oracle problem, enables secure data exchange between blockchains and external systems, making it critical for tokenizing real-world assets like treasuries, with its CCIP protocol facilitating interoperability across public and private blockchains.
The news aligns with growing institutional interest in blockchain, as seen with JPMorgan’s Onyx network processing over $700 billion in transactions by 2024, despite CEO Jamie Dimon’s past skepticism of cryptocurrencies, highlighting a shift where banks leverage blockchain for efficiency while distancing from crypto volatility.
