JPMorgan and Mastercard Complete Interbank Settlement for Tokenized Fund Transaction

Coinspaidmedia2026/05/08 09:54

By:Coinspaidmedia

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Ondo Finance, JPMorgan, Mastercard, and Ripple successfully completed a real-time cross-border settlement for a transaction involving the tokenized OUSG fund using the XRP Ledger blockchain and interbank infrastructure.

The Ondo Finance team, one of the largest providers of real-world asset (RWA) tokenization solutions, shared the results of a joint pilot project with financial conglomerate JPMorgan, payment giant Mastercard, and Ripple, one of the leading providers of institutional blockchain solutions.

As part of the initiative, the companies successfully executed a first-of-its-kind cross-border transaction involving a tokenized U.S. Treasury fund. Specifically:

Ondo Finance redeemed shares of the Ondo Short-Term US Government Treasuries (OUSG) fund on XRP Ledger at Ripple’s request.
Mastercard, through its Multi-Token Network, transmitted settlement instructions to JPMorgan’s Kinexys blockchain platform to process a U.S. dollar payment transfer to Ripple’s bank account in Singapore.

The current initiative builds on a pilot project launched in May 2025, when the companies tested the transfer of shares of the same fund between public and permissioned blockchains. The new phase demonstrates the integration of blockchain infrastructure with the global banking system and the ability to execute transactions outside traditional banking hours.

Interest in RWA tokenization continues to grow among major financial institutions. Recently, Depository Trust & Clearing Corporation (DTCC) announced the launch of an asset tokenization service involving more than 50 leading banks, asset managers, and crypto platforms. At the same time, the RWA market surpassed $19 billion in Q1 2026.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget•2026/10/19 06:51