Ondo Finance, Kinexys by JPMorgan Chase, Mastercard, and Ripple completed a breakthrough pilot connecting the XRP Ledger with institutional settlement rails. The transaction enabled tokenized U.S. Treasuries to settle across borders in near real time, even outside traditional banking hours. Ondo processed Ripple’s OUSG redemption on XRP Ledger, while Mastercard routed settlement instructions to Kinexys, which delivered USD to Ripple’s Singapore account. The milestone strengthens the case for always-on global markets powered by tokenized assets and blockchain infrastructure.
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