Chainlink Updates - 1st DvP & TRON

I was beginning to get nervous and jerky waiting on any type of news which was Chainlink related. Wait no more, I bring exciting news from Chainlink. Here we go...

JP Morgan's Kinexys and Chainlink deliver 1st DvP

DvP stands for 'Delivery versus Payment' transaction. This first transaction took place on Ondo. This transaction settled Ondo Finance’s tokenized U.S. Treasuries Fund (OUSG). 

Let's dive deeper into the players of this first transaction

What is Ondo Finance?

They design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain.  Ondo is the leading name in real-world asset  (RWA) tokenization. Put another way, Ondo is a layer one (L1) blockchain designed to scale institutional-grade real-world asset tokenization by merging public blockchain accessibility with permissioned-network security.  Why is this important?  Due to the inherent fragmented nature of existing systems financial systems, while Blockchains smooth out these solutions by bringing automation, enhancing transparency all while reducing counter part risks. 

What is Kinexys Digital Payments?

Owned by JP Morgan is a scalable network of blockchain deposit accounts that facilitates and automates payments directly between accounts in real time, with a responsibility to enhance current customer payment 

How Chainlink involved in this game changing transaction?

Chainlink was utilized to connect the private and public networks, according to a joint statement from the companies. I would expect nothing less from the Oracle of the crypto realm.

TRON DAO goes all in on Chainlink

TRON DAO joined the Chainlink Scale program back in Oct. '24 and just dedicated to decentralization Apps and has adopted Chainlink Data Feeds.  Through this adoption TRON will enhance security and reliability across their ecosystem all while benefiting from Chainlink's standard of verifiable data. As of this writing TRON has over $5.5 Million Total Value Locked (TVL) and this investment by TRON should demonstrate to the world their commitment to DeFi moving forward!

Summary

JP Morgan's testing shows growing institutional adoption of blockchain infrastructure. All while increasing compliance, interoperability and  scalability, across networks both public and private. The DvP proving is a huge milestone in both the TradFi and DeFi spaces.  My new Crypto crush TRON has made me blush with their new alliance and alignment with Chainlink for Data Feeds all while securing over $5.5 Billion in TVL. Chainlink just proved to me and hopefully you that they are they are the backbone of blockchain!  And my these seems to have calmed by nervous and jerky symptoms! Make it a great day!

Credit - BLOG Image - insidebitcoins.com = ALL RIGHTS REMAIN!