JPMorgan, Mastercard, Ripple Pilot Tokenized Settlement
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Ondo Finance announced a successful pilot involving Ripple, Mastercard, and Kinexys by J.P. Morgan, demonstrating the redemption of OUSG tokenized treasury on XRP Ledger with a USD payout in Singapore. The May 6 test proved that tokenized fund redemptions on public blockchains can seamlessly trigger cross-border bank-account settlements, leveraging existing financial infrastructure. This collaboration highlights the growing institutional adoption of blockchain for real-world asset transactions, potentially reducing settlement times and costs. The pilot's success could accelerate the integration of tokenized securities into traditional finance, signaling a bullish trend for crypto treasury solutions and interoperability between legacy systems and decentralized ledgers.
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