- ChainLink introduced its Chainlink Runtime Environment (CRE) for customizable cross-chain settlements.
- J.P. Morgan’s Kinexys and Ondo Finance worked with Chainlink to complete a delivery-versus-payment (DvP) settlement for tokenized assets.
- The DvP process allows investors to exchange assets across different blockchains securely and automatically.
- CRE aims to help traditional financial institutions move capital markets activities onto blockchain networks.
- The new system seeks to improve settlement speeds, reduce risks, and expand developer flexibility.
Chainlink has launched its Chainlink Runtime Environment (CRE), enabling customizable, cross-chain settlements for tokenized assets. In collaboration with J.P. Morgan’s Kinexys and Ondo Finance, the platform successfully conducted a delivery-versus-payment (DvP) settlement—where ownership of a tokenized asset is exchanged simultaneously with payment—across different blockchain networks.
The test used CRE to connect assets and cash across blockchains in a single automated transaction. This process helps reduce settlement risk by ensuring that each asset is only transferred after payment is confirmed. According to the announcement, the aim is to let financial institutions transfer digital assets as securely as possible while lowering costs and limiting manual intervention.
The case study brought together Kinexys—a platform from J.P. Morgan for institutional-grade settlement—and Ondo Finance, which issues tokenized securities backed by real-world assets. A representative from Chainlink said that CRE enables customizable settlement logic, letting users set their own trading rules across multiple blockchains. “CRE gives developers flexibility to write settlement workflows that can source data and bridge assets automatically,” they noted in the release.
The DvP model aims to upgrade traditional asset settlement systems. In legacy finance, delivery-versus-payment refers to simultaneous asset and cash transfer, often involving multiple parties and several days to complete. Blockchain-based DvP allows these steps to happen automatically and in real time, which may help reduce operational risk and settlement delays.
Chainlink stated that CRE allows markets to operate across public and private blockchains. It is designed to help global capital markets gain on-chain efficiency, meeting demand from institutions looking to use blockchain for large-scale settlement. JPMorgan-and-ondo-finance/”>More details are available on the Chainlink blog.
CRE’s rollout also aims to support broader adoption of tokenized assets and programmability for developers working with settlement workflows. The project marks a further step in integrating traditional finance infrastructure with decentralized blockchain technology, with the goal of making capital markets more secure and efficient.
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