Ripple, JPMorgan and others use XRP Ledger to cash out tokenized Treasurys fund internationally
The Block
Ripple, JPMorgan, Mastercard, and Ondo Finance successfully completed a cross-border transaction of tokenized U.S. Treasurys using blockchain and global banking rails.Summary
Ripple, JPMorgan, Mastercard, and Ondo Finance have collaborated to execute a pilot cross-border transaction involving tokenized U.S. Treasurys. The process involved Ondo processing its OUSG fund redemption on the XRP Ledger, while Mastercard and JPMorgan’s Kinexys platform routed instructions to facilitate the final delivery of USD to a Singaporean bank account. This achievement marks a significant integration between public blockchain technology and traditional global banking infrastructure, aiming to enhance the speed and efficiency of international settlements.
(Source：The Block)