According to Ripple and Ondo, JPMorgan, Ripple, Mastercard, and Ondo completed a cross-border transaction involving tokenized U.S. Treasurys on the XRP Ledger on Wednesday.


This pilot project involved Ondo handling the onchain redemption of OUSG funds on the XRP Ledger, then Mastercard routing instructions through JPMorgan's blockchain payment platform Kinexys, which subsequently transferred USD into Ripple's Singapore bank account.
OUSG, a tokenized U.S. Treasury product, currently holds $610 million in total locked assets and offers a 3.48% APY.
ONDO0.21%
XRP-0.14%
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