Ripple, JPMorgan Chase, and others complete cross-border settlement pilot for tokenized U.S. Treasury bonds

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Odaily Planet Daily News: Ripple, JPMorgan, Mastercard, and Ondo Finance jointly completed a cross-border settlement pilot for a tokenized U.S. Treasury bond fund.

The transaction was executed on the XRP Ledger: first, Ondo completed the redemption of its tokenized U.S. Treasury bond product OUSG on-chain; then, instruction transmission was completed via the Mastercard network and JPMorgan’s blockchain payment system; finally, JPMorgan settled USD to Ripple’s Singapore account.

The project team stated that this pilot achieved real-time collaboration between blockchain and traditional banking systems, marking the beginning of tokenized assets integrating into the global financial infrastructure.

XRP0.84%
ONDO0.21%
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