Ondo Finance, in collaboration with JPMorgan, Mastercard, and Ripple, completes the first cross-border, cross-bank tokenized U.S. Treasury bond exchange.
Source：
x.com
According to an official announcement by Ondo Finance, Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple have successfully completed a pilot transaction connecting the XRP Ledger with an interbank clearing network. This marks the first time tokenized U.S. Treasury securities have achieved cross-border, cross-bank near-real-time settlement—unconstrained by traditional banking hours. Specifically, Ondo processed Ripple’s OUSG redemptions on the XRP Ledger; Mastercard’s Multi-Token Network routed instructions to Kinexys by J.P. Morgan; and J.P. Morgan subsequently delivered U.S. dollars to Ripple’s Singapore bank account.
