1/ Kinexys by J.P. Morgan (@jpmorgan), Ondo Finance, and @chainlink are teaming up to connect bank settlement infrastructure to Ondo Chain. Today, we are excited to announce the debut transaction on Ondo Chain testnet — a cross-chain, atomic DvP settlement of OUSG.

This week we saw Kinexys by J.P. Morgan executing the first cross-chain Delivery vs Payment transaction with Ondo Chain as well as Moonpay partnering with Mastercard to bring stablecoin acceptance mainstream. Here are the key recent developments you don’t want to miss. 👇

4️⃣ PayPal’s stablecoin PYUSD enhances OUSG instant liquidity. Instant conversions between Ondo's Short-Term US Government Treasuries Fund (OUSG) and PayPal USD (PYUSD) are now live. The collaboration enables seamless minting of OUSG with PYUSD and 24/7 instant redemptions of.

Speaking with @CNBC about Ondo Chain testnet's debut transaction, @nathanlallman explained:. “It’s really the first time that there’s been this interoperability between a bank’s permissioned blockchain environment and a public blockchain.”.

Ondo Finance is proud to be the leading RWA provider on @solana, with two live offerings exceeding $250M in TVL on Solana. USDY, our market-leading yieldcoin, represents over 99% of tokenized treasury holders on the network, per

“This is the first time ever that you can go 24/7, 365 from a tokenized bank deposit to a tokenized treasury.”. —@nathanlallman, speaking with @coindesk at @consensus2025 after Ondo Chain testnet's debut transaction in collaboration with @chainlink and Kinexys by @jpmorgan.

1/ 24/7 conversions between @PayPal USD (PYUSD) and OUSG is now live. Investors can now seamlessly convert in & out of Ondo OUSG with PYUSD, enhancing redemption liquidity and expanding the utility of PYUSD as a liquidity source for RWAs.

2/ This launch expands access to tokenized US Treasuries while enabling 24/7 instant mints and redemptions between OUSG and PYUSD. “Enabling OUSG and PYUSD conversions broadens the range of trusted, high-quality settlement options available to our clients,” said @nathanlallman,.

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". this is the first time JPMorgan has built out a structure to interface with a public blockchain". @FortuneMagazine writes how Kinexys by @jpmorgan, Ondo Finance, and @chainlink completed a novel cross-chain, atomic settlement of tokenized treasuries.

1/ Kinexys by J.P. Morgan (@jpmorgan), Ondo Finance, and @chainlink are teaming up to connect bank settlement infrastructure to Ondo Chain. Today, we are excited to announce the debut transaction on Ondo Chain testnet — a cross-chain, atomic DvP settlement of OUSG.

6/ Read the full announcement here:

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