Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger
The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds.
The successful settlement of a cross-border tokenized Treasury redemption on the XRP Ledger is likely to boost investor confidence in XRP and its utility in financial transactions. This could lead to a price increase in XRP as market participants react positively to the news.
The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds.
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