Ripple, JPMorgan, and Mastercard jointly complete the world’s first real-time cross-border settlement of tokenized government bonds
Source：
www.theblock.co
According to The Block, Ripple, JPMorgan Chase, Mastercard, and Ondo Finance recently completed a pilot cross-border transfer of tokenized U.S. Treasury securities. The specific process was as follows: Ondo Finance first redeemed its tokenized Treasury product, OUSG, on the XRP Ledger; then, instructions were routed via Mastercard’s multi-token network to JPMorgan Chase’s blockchain-based payment platform, Kinexys; and finally, JPMorgan Chase transferred USD into Ripple’s Singapore bank account.
