How Ondo, JPMorgan, Mastercard, and Ripple Just Quietly Revolutionized Treasury Management — And What It Means for Your Investments
Ever wonder what happens when decades-old treasury assets decide to ditch the slow lane and jump on the blockchain express? Well, Ondo Finance, Kinexys by J.P. Morgan, Mastercard, and Ripple just flipped the script by executing the first near real-time, cross-border redemption of tokenized U.S. Treasuries using the XRP Ledger—and they didn’t even break a sweat. Imagine swapping those tedious wire transfers and manual reconciliations for a slick, unified flow that marries public blockchain rails with traditional banking infrastructure. It’s the kind of breakthrough that makes you sit up and think: Could this be the blueprint for modernizing how global finance really moves? This pilot isn’t just a win for crypto enthusiasts; it’s a game-changer for anyone watching the future of asset settlement unfold. LEARN MORE
Ondo Finance, Kinexys by J.P. Morgan, Mastercard and Ripple completed a pilot transaction linking tokenized US Treasuries on the XRP Ledger with interbank settlement infrastructure.
Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.
This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time… pic.twitter.com/BUjvWwHBGg
— Ondo Finance (@OndoFinance) May 6, 2026
The transaction involved Ripple redeeming a portion of its Ondo Short Term US Government Treasuries holdings on XRPL.
Ondo processed the redemption and sent the fiat payout instruction through Mastercard’s Multi Token Network, which routed it to Kinexys by J.P. Morgan. Kinexys debited Ondo’s blockchain deposit account and delivered USD proceeds to Ripple’s bank account in Singapore through J.P. Morgan’s correspondent banking network.
The companies said the pilot marked the first near real time, cross border and cross bank redemption of a tokenized US Treasury fund outside traditional banking windows.
The transaction shows how tokenized assets can interact with public blockchain rails and traditional bank settlement systems in a single flow, instead of relying on separate wire transfers and manual redemption processes.
Kinexys is J.P. Morgan’s blockchain platform for programmable payments, tokenized assets and near real time settlement across global markets. Ondo’s OUSG product provides tokenized exposure to short term US Treasuries and is available on XRP Ledger.
FGO Organic Hibiscus Tea, 100 Count, Eco-Conscious Tea Bags, Caffeine Free, Packaging May Vary (Pack of 1)
$22.00 (as of May 7, 2026 02:18 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Potaroma Cat Toys Pillows, 3 Pack, Soft and Durable Crinkle Sound with Catnip Inside, Interactive Indoor Kitten Kicker, Promotes Kitty Exercise
$9.98 (as of May 7, 2026 02:17 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirPods Max 2 Wireless Over-Ear Headphones, Active Noise Cancellation, Adaptive Audio, Personalized Spatial Audio, Live Translation, Bluetooth Headphones for iPhone – Midnight
$509.00 (as of May 7, 2026 02:18 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Canada Dry Cherry Gingerale Fruit Splash 12oz, Pack of 12
$5.00 (as of May 7, 2026 02:17 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Post Comment