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.