The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds. Ondo Finance, working with JPMorgan’s Kinexys, Mastercard and Ripple, completed a near-real-time cross-border redemption of its tokenized U.S. Treasury fund OUSG on the XRP Ledger. The transaction, which settled in under five seconds and outside traditional banking hours, routed instructions via Mastercard’s Multi-Token Network before JPMorgan delivered do…
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