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Ondo, Ripple and Mastercard complete Treasury token redemption pilot
Ondo Finance completed a pilot for real-time redemption of its U.S. Treasury fund with JPMorgan’s Kinexys, Mastercard and Ripple. Ripple redeemed a portion of OUSG on the XRP Ledger. Ondo Finance said U.S. dollars were deposited into Ripple’s bank account through the Mastercard Multi-Token Network and JPMorgan’s Kinexys.