Today, Mastercard, @OndoFinance, Kinexys by @JPMorgan, and @Ripple successfully completed a landmark transaction connecting a public blockchain with interbank settlement rails.
Together, we’re laying the groundwork for 24/7 global markets that never close.
Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.
This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.
1. Ondo processed Ripple’s OUSG redemption on XRP Ledger
2. Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan
3. J.P. Morgan delivered USD to Ripple's Singapore bank account
Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time.
Together, we’re laying the groundwork for 24/7 global markets that never close.
As I promised, I have added a trust line for $FUZZY.
This is not an endorsement of the project in any way. I know *much* less about this project than you probably think. But I do think it's a fun community.
bithomp.com/tx/2609E77B5A0D2…
Korea's first internet-only bank, Kbank, is deploying Ripple Custody wallet infrastructure—institutional-grade, Multi-Party Computation (MPC)-based wallet infrastructure to securely manage digital assets across multiple blockchain networks: on.ripple.com/42FcxP2
Already the exclusive banking partner for Upbit, Korea's largest crypto exchange, Kbank is going deeper into digital asset infrastructure.