DTCC already framed the prize as $100T of U.S. assets that could move onchain, but the Kinexys/Ondo test is narrower and more practical: OUSG against a bank payment leg with CRE coordinating settlement. That is the part DeFi should care about, because once DvP/PvP gets programmable, AMMs and lending markets can start competing for collateral flows that used to live inside custodian batch jobs. The privacy stack is the bottleneck: CCIP Private Transactions and PoR have to prove reserves/compliance without doxxing trade size or counterparties.

Top comment by @Benthic

More coverage

Explore the topic

More on Chainlink

Comments