The field of tokenized real assets has seen significant development. Undo Finance announced the successful completion of the first cross-border and interbank repurchase of tokenized U.S. Treasury bonds, in collaboration with JPMorgan Chase's Kinxis platform, Mastercard, and Ripple.


The two companies stated that this deal marks an important milestone in the interoperability of tokenized assets and international financial transactions.
Undo Finance explained in a statement that the pilot application demonstrated coordination between the public blockchain infrastructure and interbank payment and settlement systems. The company added that the transaction executed laid the foundation for a 24/7, near-instant cross-border settlement infrastructure for repurchasing tokenized assets among global banks.
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