JPMorgan, Mastercard Complete First Cross-Border Treasury Fund Redemption on XRP Ledger

robot
Abstract generation in progress

JPMorgan and Mastercard completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund using Ripple’s XRP Ledger and interbank settlement rails. Ondo Finance redeemed the OUSG fund for Ripple, while Mastercard’s Multi-Token Network routed settlement instructions to JPMorgan’s Kinexys platform to deliver US dollars to Ripple’s Singapore bank account.

XRP-2.69%
ONDO6.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin