Ondo Chain Powers Milestone Transaction in Test with JP Morgan and Chainlink – Is ONDO Ready for a Breakout?

Ondo Finance has achieved a major milestone by completing the first cross-chain Delivery versus Payment (DvP) test transaction on the testnet of its Ondo Chain.Conducted 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).The transaction involved the settlement of Ondo’s tokenized Short-Term U.S. Treasuries Fund (OUSG) on Ondo Chain, paired with blockchain-based deposit accounts on Kinexys Digital Payments for the payment leg. Chainlink’s secure cross-chain orchestration infrastructure, the Chainlink Runtime Environment (CRE), enabled atomic settlement across both public and permissioned blockchain networks.“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. pic.twitter.com/EUAQYnTtLJDvP transactions in traditional finance are often hindered by fragmented systems and manual workflows, leading to delays and counterparty risk. Blockchain-based DvP mechanisms mitigate these issues by synchronizing asset and payment transfers. The Ondo-Kinexys-Chainlink collaboration demonstrates how such cross-chain setups can offer:Ondo Chain is designed as a Layer 1 blockchain optimized for RWA tokenization, aiming to bridge public blockchain transparency with the security of permissioned systems. The integration with Kinexys marks a significant step as the platform expands beyond private chains. Chainlink’s CRE played a central role in coordinating the test, ensuring institutional-grade security and compliance.This test lays the groundwork for more sophisticated DvP implementations and showcases the growing interoperability between traditional financial institutions and decentralized technologies. By successfully settling a tokenized treasury fund across networks, Ondo Finance positions itself as a key player in advancing the convergence of TradFi and DeFi.While the ONDO token has declined 32% year-to-date, technical indicators suggest a potential turnaround. Popular chart analyst “Merlijn the Trader” recently posted a bullish outlook, noting the token’s support structure has held firm and comparing the current setup to a previous breakout pattern that led to significant gains. According to the analyst, this could lead to 3x gains for the token.$ONDO SUPPORT NEVER CRACKED.

Retail panicked. Structure held.

This breakout mirrors Q4 2024.

You either front-run… or watch it 3x from the sidelines. pic.twitter.com/YF3lM6HoAECoinCodex’s ONDO price prediction aligns with this sentiment, projecting a strong rally with a potential peak at $4.65 in 2025. If realized, this would mark a new all-time high for ONDO and reinforce its relevance in the evolving RWA and DeFi sectors.