via Cointelegraph · By Cointelegraph Staff
JPMorgan, Mastercard Make US Treasury Transfer on XRP Ledger
XRP/USDT
$1,334,495,322.84
$1.0899 / $1.0092
Change: $0.0807 (8.00%)
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Wall Street bank JPMorgan and credit card giant Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails.
The pilot transaction involved blockchain tokenization platform Ondo Finance redeeming the US Ondo Short-Term US Government Treasuries (OUSG) fund for Ripple on the XRP…
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