The deal ran through Chainlink’s new Runtime Environment (CRE), an off-chain compute layer that coordinates settlements across multiple chains. Using CRE, both the asset delivery and the payment happened at the same time — either both went through, or neither did — cutting out counterparty risk and the delays that come with manual reconciliations.
In this case, Kinexys Digital Payments and Ondo Chain (focused on tokenized real-world assets) settled trades involving Ondo’s OUSG tokenized U.S. Treasury bond fund. CRE handled the orchestration, bringing near real-time, auditable settlement and slashing operational overhead.
Why it matters: DvP is a cornerstone of global capital markets, but until now it’s been held back by siloed systems and outdated infrastructure. Chainlink’s approach effectively removes that barrier, giving tokenized RWA markets a scalable way to automate settlements across both public and permissioned blockchains. As the company put it, “When both assets and payments are settled on-chain and coordinated through Chainlink’s infrastructure, transactions can be executed atomically across networks.”
Chainlink Runtime Environment (CRE) Architecture. Source Chainlink. The timing is key too. Tokenized assets are booming — Coinbase research puts the market at $21 billion as of April 2025, a staggering 245x jump year-over-year. With that kind of growth, the industry badly needs settlement layers that can keep up. Chainlink’s CRE may end up being the backbone that allows RWAs to move smoothly between chains, with auditability, automation, and speed that legacy financial rails simply can’t match.