摩根大通（JPMORGAN CHASE）执行了涉及令牌美国财政债券的首次公共交易

摩根大通（JPMorgan Chase）执行了其第一次公共交易，其中涉及$ Ondo公共分类帐上的令牌美国财政部债券。该贸易是由Ondo Finance促进的，并涉及BlackRock的Ausd机构数字流动性基金（BUIDL）支持的短期国库。

Major U.S. bank JPMorgan Chase has executed its first public transaction involving tokenized U.S. Treasury bonds.

美国少校摩根大通（JPMorgan Chase）已执行其第一次涉及令牌美国财政债券的公共交易。

The trade, which was announced by Ondo Finance and saw the involvement of short-term Treasuries backed by BlackRock’s (NYSE:BLK) USD Institutional Digital Liquidity Fund (BUIDL), was executed on the $ONDO public ledger. These assets offer 24/7 blockchain-based settlement while adhering to institutional custody and regulatory standards.

该行业是由Ondo Finance宣布的，并看到了由BlackRock（NYSE：BLK）USD机构数字流动性基金（BUIDL）支持的短期国库（BUIDL）的参与。这些资产在遵守机构监护和监管标准的同时，提供了24/7的基于区块链的定居点。

The transaction was processed through JPMorgan’s Onyx Digital Assets platform. Onyx, which was launched by the bank in 2020, has previously been used for intraday repo settlements and transactions involving JPM Coin.

该交易是通过JPMorgan的Onyx数字资产平台处理的。该银行于2020年推出的Onyx先前已用于涉及JPM硬币的盘内存储申请和交易。

Ondo’s product is targeted at entities that hold stablecoins—such as DAOs, Web3 firms, and crypto-native funds—and need reliable, low-risk instruments on-chain. By tokenizing Treasuries, these groups can deploy capital with predictable returns without converting into fiat or interacting with traditional banking infrastructure.

Ondo的产品针对持有稳定的实体（例如Daos，Web3公司和加密本地资金），并且需要可靠的，低风险的仪器链。通过对纪念品进行象征化，这些群体可以通过可预测的回报部署资本，而无需转换为法定或与传统的银行基础设施互动。

This setup also supports automated liquidity management, allowing protocols to rebalance reserves or execute yield strategies directly through smart contracts.

该设置还支持自动流动性管理，允许协议可以通过智能合同直接重新平衡或执行收益策略。

Over $1 billion worth of U.S. Treasuries has now been tokenized across public blockchains like Ethereum, Polygon, and Avalanche. These are part of a broader $22.1 billion market for real-world assets (RWAs) being brought on-chain.

现在，在以太坊，多边形和雪崩等公共区块链中，超过10亿美元的美国国债已被标记。这些是现实世界中221亿美元市场（RWA）的一部分。

Meanwhile, Franklin Templeton has issued tokenized Treasury funds on Stellar and Polygon. WisdomTree uses its digital platform, WisdomTree Prime, to offer tokenized exposures to U.S. government securities.

同时，富兰克林·邓普顿（Franklin Templeton）已在Stellar和Polygon上发行了代币化的财政资金。 WisdomTree使用其数字平台WisdomTree Prime，向美国政府证券提供令牌风险。

JPMorgan selected the $ONDO ledger for its settlement speed, fee predictability, and regulatory focus. Unlike general-purpose chains, $ONDO supports financial transactions with low latency and customizable compliance logic, making it suitable for tokenized fixed-income products. It also allows integration with smart contracts for automated processing.

摩根大通（JPMorgan）选择了$ ondo Ledger的结算速度，费用可预测性和监管重点。与通用连锁店不同，$ ondo支持具有低延迟和可定制合规性逻辑的金融交易，使其适合于令牌化的固定收益产品。它还允许与智能合约集成以进行自动处理。

In April 2025, Ondo Finance and its legal counsel met with the SEC’s Crypto Task Force to present tokenization models that meet existing legal frameworks. Topics of discussion included registration processes, broker-dealer compliance, and anti-money laundering standards. At the same time, the SEC proposed exemptions to encourage the use of distributed ledger technology in securities markets. These proposals aim to create regulatory clarity for blockchain-based asset issuance and trading.

2025年4月，Ondo Finance及其法律顾问会见了SEC的加密特遣部队，以呈现符合现有法律框架的令牌化模型。讨论的主题包括注册流程，经纪交易商合规性和反洗钱标准。同时，SEC提出的豁免旨在鼓励在证券市场中使用分布式分类帐技术。这些建议旨在为基于区块链的资产发行和交易创造法规清晰度。

This transaction signals a significant development as large financial institutions are now executing public trades involving regulated instruments and audited funds, rather than limiting blockchain use to internal pilots. By collaborating with platforms like Ondo, banks such as JPMorgan are aligning blockchain infrastructure with compliance requirements and operational needs.

这项交易标志着大型的发展，因为大型金融机构现在正在执行涉及受监管工具和审计资金的公共行业，而不是将区块链用于内部飞行员的使用。通过与诸如Ondo这样的平台合作，诸如JPMorgan之类的银行将区块链基础架构与合规性要求和运营需求保持一致。