Ondo, JPMorgan Settle Tokenized Treasuries on XRP Ledger

TLDR Ondo Finance completed a near-real-time cross-border redemption of its tokenized U.S. Treasury fund using blockchain infrastructure from JPMorgan, Mastercard, and Ripple. The companies processed the transaction in under five seconds on the XRP Ledger, according to their joint announcement. Mastercard enabled interoperability between on-chain assets and traditional fiat systems through its Multi Token Network. JPMorgan supported the settlement through its Kinexys blockchain platform, which has processed over $3 trillion in transactions. XRP traded at $1.42 at the time of reporting, posting a daily gain of about 1% and a monthly rise of around 6%. Ondo Finance executed a near-real-time cross-border redemption of a tokenized U.S. Treasury fund using blockchain infrastructure from JPMorgan, Mastercard, and Ripple. The companies processed the transaction in under five seconds on the XRP Ledger, according to their joint statement. The pilot connected public blockchain rails with interbank settlement systems and enabled continuous cross-border transfers outside traditional banking hours. XRP Ledger Powers Instant Cross-Border Treasury Redemption Ondo used its tokenized U.S. Treasury fund OUSG for the pilot transaction. The fund serves accredited investors and qualified purchasers seeking on-chain exposure to Treasuries. The companies processed the redemption in less than five seconds on the XRP Ledger. Ripple supported the blockchain layer, while JPMorgan provided its Kinexys platform for settlement integration. Mastercard enabled interoperability between digital assets and fiat currencies through its Multi-Token Network. As a result, the transaction moved across borders and banks in one coordinated flow. Ondo President Ian De Bode said the transaction marked a first for tokenized Treasuries. He stated, “This milestone represents the first time tokenized U.S. Treasuries have settled across borders and banks in near-real time and outside traditional banking windows....