JPMorgan, Mastercard and Ripple complete cross-border XRP tokenized Treasury settlement
CryptoSlate
Ondo Finance, Ripple, Mastercard, and J.P. Morgan successfully piloted a near-real-time cross-border redemption of tokenized U.S. Treasuries using the XRP Ledger.Summary
In a successful pilot, Ondo Finance, Ripple, Mastercard, and Kinexys by J.P. Morgan demonstrated a new method for redeeming tokenized U.S. Treasury funds. The process utilized the XRP Ledger for the asset redemption leg, while Mastercard’s Multi-Token Network managed routing and J.P. Morgan’s correspondent banking infrastructure handled the final USD payout to a Singapore bank account. This development aims to bridge public blockchain efficiency with regulated banking rails, potentially streamlining liquidity management by eliminating manual interbank processes.
(Source：CryptoSlate)