Ondo Finance partners with JPMorgan Chase, Mastercard, and Ripple to complete the first cross-border, cross-bank tokenized U.S. Treasury bond exchange

Deep Tide TechFlow News, May 6th, according to official disclosures from Ondo Finance, Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple have completed a pilot transaction connecting the XRP Ledger with the interbank clearing network. It is reported that this is the first cross-border, cross-bank settlement of tokenized U.S. Treasury bonds achieved near real-time without being limited by traditional bank operating hours. Specifically, Ondo processed Ripple’s OUSG redemption on the XRP Ledger, Mastercard’s Multi-Token Network routed instructions to Kinexys by J.P. Morgan, and then J.P. Morgan delivered USD to Ripple’s bank account in Singapore.

ONDO2.39%
XRP1.06%
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