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Ondo Finance says it completed the first near-real time cross-border redemption of a tokenized U.S. Treasury fund.
Ondo Finance completed the first near-real time cross-border redemption of a tokenized U.S. Treasury fund.
KEY POINTS
- The transaction was processed in under five seconds using the XRP Ledger and Kinexys by JPMorgan.
- Mastercard's Multi-Token Network enabled settlement interoperability between on-chain assets and traditional fiat money.
- JPMorgan's Kinexys platform has processed over $3 trillion in transactions, underscoring institutional adoption.
- DTCC is preparing to launch a tokenization service later this year, signaling accelerated industry activity.
COMPANIES
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