JPMorgan, Mastercard et Ripple finalisent un règlement transfrontalier du Trésor tokenisé XRP
Burns Brief
Ondo Finance a déclaré que Ripple avait racheté OUSG sur XRP Ledger et reçu un paiement en USD à Singapour via Mastercard et Kinexys by J. Les participants au marché évaluent soigneusement les implications, le résultat dépendant probablement des conditions macroéconomiques et du volume plus larges. Surveillez la réaction de $ETH $XRP $NEAR – un mouvement décisif au-dessus ou en dessous des niveaux clés confirmera la prochaine tendance.
Ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J.P. Morgan. The May 6 pilot tested whether a tokenized fund redemption on a public blockchain could trigger a bank-account payout across borders and banks, using a transaction path that Ondo said operated outside traditional banking windows. Ondo said the XRP Ledger leg processed in under five seconds. The cash leg stayed inside bank infrastructure, moving through Mastercard's Multi-Token Network, Kinexys by J.P. Morgan, and J.P. Morgan's correspondent banking network. That split is the core of the development. The pilot links public-chain settlement speed to bank-account completion while keeping the USD payout on bank infrastructure. The available record separates XRP Ledger's asset role from the USD payout, which was initiated on Kinexys and delivered to Ripple's Singapore bank account through J.P. Morgan's rails. How the settlement chain was divided Ondo described the transaction as the first near-real-time, cross-border, cross-bank redemption of a tokenized U.S. Treasury fund. Ripple redeemed part of its Ondo Short-Term U.S. Government Treasuries holdings on XRP Ledger. The redemption then moved into a payout path. Ondo processed the request, Mastercard's Multi-Token Network routed the instruction, Kinexys debited Ondo's Blockchain Deposit Account, and J.P. Morgan's correspondent banking network delivered the USD proceeds to Ripple's Singapore bank account. Leg Actor or rail What it did Practical effect Asset leg XRP Ledger Recorded the OUSG redemption Ondo said this leg processed in under five seconds Instruction leg Mastercard Multi-Token Network Routed the fiat payout instruction Connected the onchain redemption to bank settlement infrastructure Cash leg Kinexys by J.P. Morgan and J.P. Morgan correspondent banking Moved USD proceeds to Ripple's Singapore bank account Kept fiat completion inside regulated bank rails The structure s
Key Takeaways
- Ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J
- Ondo said the XRP Ledger leg processed in under five seconds
- The cash leg stayed inside bank infrastructure, moving through Mastercard's Multi-Token Network, Kinexys by J
- The pilot links public-chain settlement speed to bank-account completion while keeping the USD payout on bank infrastructure
- The available record separates XRP Ledger's asset role from the USD payout, which was initiated on Kinexys and delivered to Ripple's Singapore bank account through J