Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple Complete First Cross-Border, Cross-Bank Redemption of Tokenized U.S. Treasuries
9 Articles
9 Articles
Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple Complete First Cross-Border, Cross-Bank Redemption of Tokenized U.S. Treasuries
/PRNewswire/ -- Ondo Finance today announced the successful completion of the first near real-time cross-border, cross-bank redemption of a tokenized U.S....
Ondo, JPMorgan, Mastercard and Ripple complete tokenized Treasury pilot on XRP Ledger
The post Ondo, JPMorgan, Mastercard and Ripple complete tokenized Treasury pilot on XRP Ledger appeared on BitcoinEthereumNews.com. Ondo Finance, Kinexys by J.P. Morgan, Mastercard and Ripple completed a pilot transaction linking tokenized US Treasuries on the XRP Ledger with interbank settlement infrastructure. Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with i…
Ondo Finance marks a historic milestone in completing the first real-time cross-border redemption of Tokenized Treasury bonds. This operation was carried out through an alliance with JPMorgan's Kinexys platform, Mastercard's payment giant and Ripple's blockchain infrastructure. The transaction, which used Ondo's AUSG tokenized fund, was processed in less than five seconds through the XRP Ledger (XRPL), operating entirely outside the traditional …
The transaction marks the first time tokenized assets have been settled cross-border outside of conventional banking hours. Read more
Ripple completes pilot linking XRP Ledger with interbank settlement systems
Ripple's pilot success could accelerate blockchain adoption in finance, potentially transforming global settlement systems and market dynamics. The post Ripple completes pilot linking XRP Ledger with interbank settlement systems appeared first on Crypto Briefing.
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