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JPMorgan, Mastercard, Ripple, and Ondo Finance have completed a cross-border, cross-bank redemption of a tokenized U.S. Treasury fund using the XRP Ledger and traditional banking rails.
JPMorgan, Mastercard, Ripple, and Ondo Finance completed a cross-bank redemption of tokenized Treasuries using XRP Ledger.
KEY POINTS
- This marks the first near real-time cross-border settlement of tokenized U.S. Treasuries outside traditional banking windows.
- The pilot achieved sub-five second asset settlement on the XRP Ledger, while dollar proceeds moved via JPMorgan's banking network.
- Institutions conducted the transaction as a single integrated flow combining public blockchain and fiat banking infrastructure.
- Wider adoption still requires legal clarity, risk controls, and clear rules for settlement finality in tokenized finance.
COMPANIES
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