Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Ondo, JPMorgan, Mastercard, and Ripple complete the first tokenized bond transaction on XRP Ledger
Ondo Finance, along with JPMorgan (Kinexys), Mastercard, and Ripple, successfully tested the redemption of tokenized short-term U.S. Treasury bond fund (OUSG) into USD across borders in under 5 seconds on XRP Ledger. This was the first interbank transaction to connect a public blockchain with traditional financial systems in real time, 24/7.
Transaction process
Ondo Finance performs the OUSG redemption directly on XRP Ledger for Ripple:
- XRP Ledger handles on-chain processing: transparent, high-speed asset transfer (under 5 seconds).
- Mastercard Multi-Token Network (MTN) serves as the blockchain-to-fiat bridge, enabling USD payments.
- Kinexys (JPMorgan) handles interbank settlement, transferring USD to Ripple’s account in Singapore—completing T+0 outside traditional business hours.
The transaction from the U.S. to Singapore demonstrates the ability to process cross-border in real time for the tokenized Treasuries model, removing complex intermediaries and administrative-hour limitations.
Ondo’s CEO said: “For the first time, tokenized U.S. Treasuries are conducted cross-border among banks in real time.” Ripple also emphasized the capability to connect XRPL with banking infrastructure to create a unified payment workflow.
$ONDO $XRP #GateSquareMayTradingShare