摩根大通通過在公共區塊鏈上解決其第一個令牌交易，為Tradfi-defi合併設定了舞台

傳統金融（TradFI）與分散財務（DEFI）之間的合併逐步變得有形。多年來，這種婚姻似乎是一個遙遠的希望。

The merger between traditional finance (TradFi) and decentralized finance (DeFi) is becoming tangible, step by step. For years, this marriage seemed like a distant promise. However, JPMorgan has just made a major first step by settling its first tokenized transaction on a public blockchain.

傳統金融（TradFI）與分散財務（DEFI）之間的合併逐步變得有形。多年來，這種婚姻似乎是一個遙遠的希望。但是，摩根大通剛剛在公共區塊鏈上解決了其第一次令牌交易，剛剛邁出了重要的第一步。

This advance highlights the rise of blockchain in the institutional world and envisions a future where crypto and classic finance coexist.

這一進步凸顯了機構世界中區塊鏈的興起，並設想了一個未來的加密貨幣和經典金融並存。

First Public Crypto Transaction: JPMorgan Steps Out of the Private Garden

第一次公共加密交易：摩根大通走出私人花園

JPMorgan, a global finance giant, announced an important milestone: the successful completion of a transaction involving tokenized US Treasury bonds. This operation took place on the Ondo Finance platform, a public blockchain, thanks to the interoperability ensured by Chainlink.

全球金融巨頭摩根大通宣布了一個重要的里程碑：成功完成了涉及令牌美國財政債券的交易。這項操作發生在公共區塊鏈的Ondo Finance平台上，這要歸功於Chainlink的互操作性。

Colin Cunningham, head of tokenization at Chainlink Labs, explains: “This is the first time a major global bank has connected its payment system to a public blockchain.”

Chainlink Labs的代幣化負責人Colin Cunningham解釋說：“這是全球大銀行首次將其支付系統與公共區塊鏈聯繫起來。”

He adds that this milestone marks the future of financial transactions, where real assets will freely circulate between private and public chains.

他補充說，這個里程碑標誌著金融交易的未來，在私人和公共連鎖店之間，真正的資產將自由流通。

This transaction is powered by Kinexys, JPMorgan’s DeFi platform. It aims to bridge the gap between the two worlds, enabling near-instant settlements and cost reductions. The Kinexys project already manages about $2 billion in daily volumes and $1.5 trillion in underlying assets.

此交易由摩根大通（JPMorgan）的Defi平台Kinexys提供動力。它旨在彌合兩個世界之間的鴻溝，實現近乎固有的定居點並降低成本。 Kinexys項目已經管理了約20億美元的每日量和1.5萬億美元的基礎資產。

This achievement confirms the growing ability of traditional finance to incorporate crypto innovations.

這項成就證實了傳統金融納入加密創新的能力。

Technology and Achievements: Chainlink and Ondo at the Heart of the Experience

技術和成就：鏈條和ondo是體驗的核心

The experience conducted with Ondo Federal and Chainlink perfectly illustrates the strengths of hybrid technologies. Chainlink acts as a bridge, ensuring secure communication between JPMorgan’s private blockchain and Ondo’s public blockchain. This interoperability eliminates the usual frictions encountered in crypto transactions across different networks.

通過Ondo Federal和Chainlink進行的經驗完美地說明了混合技術的優勢。 ChainLink充當橋樑，確保摩根大通的私人區塊鍊和Ondo的公共區塊鏈之間的安全通信。這種互操作性消除了在加密交易中遇到的通常的摩擦。

Nathan Allman, CEO of Ondo Federal, emphasizes: “The inaugural transaction is not just a major milestone, it is a statement about the future of finance.”

Ondo Federal首席執行官內森·奧爾曼（Nathan Allman）強調：“就職交易不僅是一個主要的里程碑，而且是關於財務未來的聲明。”

Ondo Federal facilitates the tokenization of traditional assets, such as Treasury bonds, in a decentralized environment. The OUSG token, used in this transaction, is a tokenized money market fund. These innovations enable institutions to operate within open ecosystems, where liquidity and transparency are enhanced.

Ondo Federal促進了在分散環境中的傳統資產的令牌化，例如國庫券。該交易中使用的OUSG令牌是一個令牌化的貨幣市場基金。這些創新使機構能夠在開放的生態系統中運作，在開放的生態系統中，流動性和透明度得到了提高。

JPMorgan has been experimenting with blockchain since 2019 with JPM Coin, renamed Kinexys. This project is evolving towards a solution capable of settling transactions 24/7, reducing costs and accelerating cross-border payments. The recent public transaction marks a new step in this roadmap, signaling broader adoption among the institutional crypto community.

自2019年以來，摩根大通（JPMorgan）一直在使用JPM硬幣（重命名為Kinexys）嘗試區塊鏈。該項目正在朝著能夠解決交易的解決方案24/7，降低成本並加速跨境支付。最近的公共交易標誌著該路線圖的新一步，標誌著在機構加密社區中採用更廣泛的採用。

Key Figures and Challenges of Institutional Crypto Transactions

機構加密交易的關鍵數字和挑戰

The scope of this project is as much financial as technological. The tokenization of real assets is gaining ground, with over $12 billion in value locked on more than 80 DeFi platforms, according to DeFi Llama. BlackRock ranks among the largest investors, with nearly $3 billion in tokenized cash funds.

該項目的範圍與技術一樣多。根據Defi Llama的說法，實際資產的令牌化已獲得基礎，鎖定在80多個Defi平台上的價值超過120億美元。貝萊德（BlackRock）是最大的投資者之一，擁有將近30億美元的令牌現金資金。

JPMorgan’s transaction fits into a rapidly growing market, especially among traditional players eager to enter the crypto community. Here are the notable figures:

摩根大通的交易適合一個快速增長的市場，尤其是在渴望進入加密社區的傳統參與者中。這是值得注意的數字：

These figures emphasize the scale of the revolution. JPMorgan takes a major step by directly connecting its payment system to public blockchains. This advance lays the groundwork for a future where crypto transactions will be at the heart of global financial flows.

這些數字強調了革命的規模。摩根大通直接將其支付系統與公共區塊鏈連接起來邁出了重要一步。這一進步為未來的基礎奠定了基礎，即加密交易將成為全球金融流量的核心。

Blockchain now finds its place in multiple sectors: finance, healthcare, aviation… However, it still struggles to convince some tech giants like Nvidia. These companies remain cautious, sometimes slowing the growth of a disruptive technology. Nevertheless, the entry of banks like JPMorgan into the crypto ecosystem shows that blockchain is gradually becoming a cornerstone of the economy of tomorrow.

區塊鏈現在在多個領域找到了自己的位置：金融，醫療保健，航空……但是，它仍然在努力說服一些像Nvidia這樣的科技巨頭。這些公司保持謹慎，有時會減慢破壞性技術的增長。儘管如此，摩根大通等銀行進入加密生態系統的進入表明，區塊鏈逐漸成為明天經濟的基石。