Wall Street Goes On-Chain: JPMorgan Demonstrates How to Break Down the Walls Between DeFi and TradFi

At the RWA Summit in Cannes, JPMorgan demonstrated cross-chain trading, reflecting the accelerated integration of traditional finance and DeFi, signaling a rewrite of asset tokenization and financial infrastructure. (Background: Jack Dorsey calls Bitcoin “Delete Satoshi”: personal worship affects BTC development, the smallest unit Satoshi should be changed) (Supplement: Twitter founder Jack Dorsey is Satoshi Nakamoto? deBanked CEO throws 51 clues identifying Jack Dorsey) JPMorgan (JPMorgan) Blockchain division head Nelli Zaltsman and Chainlink co-founder Sergey Nazarov shook hands at the RWA Summit 2025 in Cannes, France, with the live screen simultaneously displaying a successful settlement of a cross-chain transaction, declaring that the artificial barriers between traditional finance and decentralized finance are breaking down. Zaltsman stated that the speed of integration is “faster than the outside world imagines.” The technical demonstration reveals the convergence of TradFi and DeFi, piloting the combination of Kinexys, Chainlink, and Ondo Finance, completing the atomic delivery of physical assets (RWA) and multi-chain synchronous settlement, saving time and reducing mismatch risk compared to traditional processes. Kinexys adopts an “asset-agnostic” design, allowing access to multiple public chains while complying with regulatory requirements in various regions. From Quorum, JPM Coin to today’s Kinexys and JPMD Token, JPMorgan has gradually expanded peer-to-peer payments into comprehensive on-chain financial services. The JPMD Token is currently circulating on Coinbase’s Base L2, fully backed by bank deposits, and is only available to allowlist customers, aiming to provide an on-chain “cash” solution and gain an advantage in the future digital asset competition. Dual push of regulation and funds AInvest’s survey shows that 75% of institutions plan to expand their digital asset allocations in 2025. BlackRock and Deutsche Bank have successively launched tokenized products, and Robinhood has also issued blockchain stock tokens. On the regulatory side, the U.S. House of Representatives proposed the GENIUS Act to establish a framework for stablecoins, and Coinbase has also obtained a full license under the EU MiCA, accelerating asset on-chain. Nazarov pointed out: “Cryptographic proofs and smart contracts can allow small and medium-sized institutions to achieve first-line bank-level credibility, which will promote competition and innovation.” Banks and asset management companies must therefore reassess their systems and strategies; retail investors can expect greater transparency and lower transaction costs. However, challenges remain in cross-chain interoperability, security, and international regulatory coordination. Within three years, on-chain and off-chain will become a continuous spectrum of the same coordinate system, and those who decode the new language first will hold the dominance. Related reports Block completes the development of 3-nanometer “Bitcoin mining chips”; Jack Dorsey: creating a more decentralized BTC Mining ecosystem. Strong belief: Jack Dorsey: Bitcoin is expected to replace the US dollar, reaching 1 million dollars by 2030. Musk announces XChat, what exactly is “Bitcoin-style” encrypted communication? The article “Wall Street speeds up on-chain: JPMorgan demonstrates how to tear down the DeFi and TradFi walls” was first published in BlockTempo, the most influential blockchain news media.