<![CDATA[JPMorgan and Mastercard Complete Historic Cross-Border Tokenized Fund Settlement]]>f8a33872-97c6-400c-a227-a4a2d98f7bdd-image.png
JPMorgan and Mastercard have completed the first-ever cross-border, cross-bank redemption of a tokenized US Treasury fund, marking a major milestone in the integration of blockchain technology with traditional finance. The transaction involved Ondo Finance's OUSG fund being redeemed for Ripple on the XRP Ledger, with Mastercard's Multi-Token Network routing settlement instructions to JPMorgan's Kinexys platform, which then delivered US dollars to Ripple's Singapore bank account — all in real time.

This pilot demonstrates that public blockchain networks and global banking infrastructure can work together to settle cross-border transactions simultaneously, something that has never been done before. The collaboration between crypto firms and traditional financial institutions reflects a shared push toward faster, lower-cost payment and settlement systems that operate outside conventional banking hours.

]]>https://undeads.com/forum/topic/19574/jpmorgan-and-mastercard-complete-historic-cross-border-tokenized-fund-settlementRSS for NodeThu, 07 May 2026 20:41:15 GMTThu, 07 May 2026 05:20:29 GMT60<![CDATA[Reply to JPMorgan and Mastercard Complete Historic Cross-Border Tokenized Fund Settlement on Thu, 07 May 2026 07:37:30 GMT]]>Ripple involved in a JPMorgan and Mastercard milestone transaction, the legal journey to get here was very long

]]>https://undeads.com/forum/post/54382https://undeads.com/forum/post/54382Thu, 07 May 2026 07:37:30 GMT<![CDATA[Reply to JPMorgan and Mastercard Complete Historic Cross-Border Tokenized Fund Settlement on Thu, 07 May 2026 07:37:18 GMT]]>JPMorgan, Mastercard, Ondo, and Ripple walked into a transaction and made history, the crossover episode nobody predicted

]]>https://undeads.com/forum/post/54381https://undeads.com/forum/post/54381Thu, 07 May 2026 07:37:18 GMT