Ripple, JPMorgan Complete Cross-Border Settlement Pilot for Tokenized U.S. Treasury Bonds

Odaily news: Ripple, JPMorgan, Mastercard, and Ondo Finance have jointly completed a cross-border settlement pilot for tokenized U.S. Treasury bond funds.

The transaction was executed on the XRP Ledger: First, Ondo redeemed its tokenized U.S. Treasury product, OUSG, on-chain. Subsequently, instructions were transmitted through the Mastercard network and JPMorgan's blockchain-based payment system. Finally, JPMorgan completed the U.S. dollar settlement to Ripple's Singapore account.

According to the project team, this pilot achieved real-time synergy between blockchain and traditional banking systems, marking the beginning of tokenized assets integrating into global financial infrastructure.