Chainlink Teams Up with J.P. Morgan’s Kinexys and Ondo to Power Tokenized Asset Settlements

TLDR:

• Chainlink enables DvP for tokenized treasuries via Kinexys and Ondo collaboration.
• Kinexys supports $1.5T+ in notional value, enhancing Chainlink’s institutional role.
• The LINK price bounced off $12.7 support, was rejected at $15.7, and is tracking technical patterns.
• LINK dropped 6.68% daily but remains up 5.44% weekly, with $525M in 24-hour volume.

Chainlink has taken another major step into institutional finance, working with J.P. Morgan’s Kinexys and Ondo to support cross-chain transactions involving tokenized assets. 

The collaboration is centered around secure Delivery versus Payment (DvP) infrastructure, allowing institutions to purchase Ondo’s tokenized treasuries using Kinexys Digital Payments. This follows increasing demand for reliable cross-chain systems as real-world assets (RWAs) on public blockchains surpass $23 billion. 

Chainlink’s Runtime Environment plays a key role in orchestrating the workflow between these blockchain networks. As news of this partnership emerged, LINK price activity responded with notable intraday moves.

Institutional Blockchain Activity Boosts LINK’s Relevance

Chainlink confirmed it is helping to facilitate DvP settlement by integrating its technology with Kinexys and Ondo. 

Kinexys, a permissioned blockchain backed by J.P. Morgan, reportedly supports over $1.5 trillion in notional value from institutional clients. Meanwhile, Ondo Chain is known for its focus on regulated settlement of tokenized assets.

Chainlink is excited to be working with Kinexys by J.P. Morgan and Ondo on a groundbreaking way to utilize Kinexys Digital Payments to allow institutional clients to purchase Ondo’s tokenized treasuries.

With $23B+ in tokenized RWAs on public chains, the need for secure… pic.twitter.com/kDbXcwGj7T

— Chainlink (@chainlink) June 12, 2025

The partnership uses Chainlink’s secure environment to manage transactions across both permissioned and public blockchains. 

According to Chainlink’s announcement, this coordination is key for reducing uncertainty and mitigating counterparty risk. The developments indicate that LINK continues to serve a growing role in institutional blockchain infrastructure.

Chainlink Price Reacts to Key Levels Amid Technical Trading

In parallel with the fundamental update, LINK’s market price has shown clear reactions to major technical levels. 

Trader Efloud shared his analysis, identifying $12.7 as support and $15.7 as resistance. The token recently bounced from $12.7 and was rejected at $15.7, matching his predictions.

$LINK | Update

Those were not bad calls at all.

Bounced from our support level which is $12.7
Dumped from our resistance level which is $15.7

Closed my intra-day short position from $14.1 and looking for confirmation around that level to open a long position. I'm not gonna… https://t.co/VrsHl4yaKF pic.twitter.com/HrugP2rQCq

— Efloud (@EfloudTheSurfer) June 12, 2025

Efloud closed a short position at $14.1 and is watching that level closely for a long entry. He highlighted the importance of confirmation around $14 to $14.7 before re-entering. This range is seen as a potential support zone if a bullish continuation develops.

Despite the bounce from support, the LINK price fell by 6.68% over the past 24 hours, according to CoinGecko. However, it remains up 5.44% over the past week, showing short-term bullish momentum. 

At press time, LINK trades at $14.45 with a 24-hour volume exceeding $525 million.

Traders remain cautious, awaiting price validation around mid-range zones. A break below $12.7 would likely shift sentiment, while holding above $14 could signal strength. 

LINK price continues to track market dynamics and protocol developments, reflecting a balance between institutional news and retail technicals.

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