$XRP #xrp JPMorgan and Mastercard achieve the first Treasury transfer via XRP Ledger
JPMorgan and Mastercard achieve the first Treasury transfer via XRP Ledger
Sergio Sánchez Written by Sergio Sánchez 7 hours ago
Logos of JPMorgan and Mastercard in the digital finance environment.
KEY POINTS:
JPMorgan and Mastercard completed the first cross-border settlement of a tokenized U.S. Treasury fund using XRP Ledger.
The operation utilized JPMorgan's Kinexys platform and Mastercard's Multi-Token network to settle dollars in real-time.
The market for real-world tokenized assets exceeds $31.1 billion, with massive growth projections for 2030.
Bitfinanzas
JPMorgan and Mastercard achieve the first Treasury transfer via XRP Ledger
Sergio Sánchez Written by Sergio Sánchez 7 hours ago
Logos of JPMorgan and Mastercard in the digital finance environment.
KEY POINTS:
JPMorgan and Mastercard completed the first cross-border settlement of a tokenized U.S. Treasury fund using XRP Ledger.
The operation utilized JPMorgan's Kinexys platform and Mastercard's Multi-Token network to settle dollars in real-time.
The market for real-world tokenized assets exceeds $31.1 billion, with massive growth projections for 2030.
JPMorgan (JPM) and Mastercard (MA) completed the first cross-border and interbank redemption of a tokenized U.S. Treasury fund. This operation marks a milestone in integrating digital assets with traditional banking, in collaboration with Ripple and its XRP Ledger.
The transaction utilized the Ondo Finance tokenization platform, which redeemed the Short-Term Treasury Bonds (OUSG) on the XRP Ledger. Subsequently, Mastercard's Multi-Token network channeled the settlement instructions to Kinexys, JPMorgan's platform, which deposited the dollars into Ripple's bank account in Singapore.
JPMorgan and Mastercard achieve the first Treasury transfer via XRP Ledger
Sergio Sánchez Written by Sergio Sánchez 7 hours ago
Logos of JPMorgan and Mastercard in the digital finance environment.
KEY POINTS:
JPMorgan and Mastercard completed the first cross-border settlement of a tokenized U.S. Treasury fund using XRP Ledger.
The operation utilized JPMorgan's Kinexys platform and Mastercard's Multi-Token network to settle dollars in real-time.
The market for real-world tokenized assets exceeds $31.1 billion, with massive growth projections for 2030.
Bitfinanzas
JPMorgan and Mastercard achieve the first Treasury transfer via XRP Ledger
Sergio Sánchez Written by Sergio Sánchez 7 hours ago
Logos of JPMorgan and Mastercard in the digital finance environment.
KEY POINTS:
JPMorgan and Mastercard completed the first cross-border settlement of a tokenized U.S. Treasury fund using XRP Ledger.
The operation utilized JPMorgan's Kinexys platform and Mastercard's Multi-Token network to settle dollars in real-time.
The market for real-world tokenized assets exceeds $31.1 billion, with massive growth projections for 2030.
JPMorgan (JPM) and Mastercard (MA) completed the first cross-border and interbank redemption of a tokenized U.S. Treasury fund. This operation marks a milestone in integrating digital assets with traditional banking, in collaboration with Ripple and its XRP Ledger.
The transaction utilized the Ondo Finance tokenization platform, which redeemed the Short-Term Treasury Bonds (OUSG) on the XRP Ledger. Subsequently, Mastercard's Multi-Token network channeled the settlement instructions to Kinexys, JPMorgan's platform, which deposited the dollars into Ripple's bank account in Singapore.