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JPMorgan, Ripple and Mastercard Complete Cross-Border Tokenized Treasury Pilot
JPMorgan, Ripple, Mastercard and Ondo Finance have completed a pilot transaction transferring tokenized US Treasurys across borders using a combination of blockchain infrastructure and traditional interbank payment rails. The transaction began with Ondo processing a redemption of its OUSG tokenized fund on the XRP Ledger on behalf of Ripple. OUSG represents short-term US government Treasurys issued in tokenized form. Mastercard’s multi-token network was then used to route payment instructions through Kinexys, JPMorgan’s blockchain-based payments platform. The process concluded with JPMorgan delivering US dollars ... (full story)
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