Ondo, Ripple, and J.P. Morgan Successfully Conduct First Tokenized U.S. Treasury International Settlement

A Milestone in International Settlements

On May 6th, Ondo Finance announced a successful first in international and interbank redemption of tokenized U.S. Treasuries, in collaboration with J.P. Morgan's blockchain payment platform KINEXIS, Mastercard, and Ripple. This pilot integrated public blockchain and banking payment infrastructures into a single workflow, enabling instant settlements beyond traditional banking hours.

The pilot involved Ripple utilizing the XRP Ledger to manage Ondo's short...