Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo
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Successful pilot linked Ripple's XRP Ledger (XRPL) to interbank settlement rails — Ondo Finance, Mastercard and JP Morgan's Kinexys completed the transaction. Milestone could enable 24/7 settlements for traditional financial markets through tokenization and blockchain settlement rails. Institutional collaboration signals increased crypto adoption and XRPL integration in banking infrastructure, supporting tokenization and settlement use cases.
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Blockchain settlement rails are increasingly becoming intertwined with the global financial system. A group of firms recently achieved a feat that could introduce 24/7 settlements for traditional financial markets.
According to a tweet, the tokenization platform Ondo Finance, card services provider Mastercard, and JP Morgan’s blockchain platform, Kinexys, are involved in achieving the latest milestone. The companies successfully completed a pilot transaction that connected Ripple’s XRP Ledger (XRPL) with interbank settlement rails.
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