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

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Golden Finance reports that on May 7th, 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 instructions were transmitted via the Mastercard network and JPMorgan’s blockchain payment system, and 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.

XRP-0.9%
ONDO7.78%
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