T 2? No, T 0.
Decades measuring time in days to move to just a few seconds.
Yes, that is the time it took to redeem a tokenized short-term United States Treasury bond on the XRPL for its fiat value at a bank in Singapore.
That is why this first transaction is historic!
For the first time, a public blockchain, a global payments network, and one of the largest banks in the world, coordinated in seconds the cross-border redemption of a tokenized financial asset.