Ondo Finance marks a historical milestone by completing the first real-time cross-border redemption of tokenized U.S. Treasury bonds. This operation was carried out through an alliance with JPMorgan’s Kinexys platform, the payment giant Mastercard, and Ripple’s blockchain infrastructure. The transaction, which utilized Ondo’s OUSG tokenized fund, was processed in less than five seconds via the XRP Ledger (XRPL), operating entirely outside of traditional banking windows.
This action demonstrates the viability of real-world assets (RWA) to integrate with the global financial system. By connecting public network infrastructure with traditional banking rails, these institutions are laying the groundwork for a 24/7 global market. Mastercard’s participation through its Multi-Token Network was key to enabling interoperability between on-chain assets and fiat money, consolidating the institutional momentum toward the massive tokenization of financial assets.
Thanks to the success of the pilot, the financial sector is heading toward executing international transactions as a single, integrated flow. While JPMorgan scales its tokenized deposit systems, the market closely watches the growth of XRP, which maintains a positive trend in light of the increasing utility of its network.
Source: https://goo.su/CkhFI9
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