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Ondo, JPMorgan, Mastercard and Ripple complete tokenized Treasury settlement on XRP Ledger
May 6, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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JPMorgan, Mastercard, Ripple and Ondo Finance executed the first near-real-time, cross-border, cross-bank redemption of a tokenized U.S. Treasury fund, linking the XRP Ledger to bank settlement rails and demonstrating a 24/7 tokenized assets settlement path. The pilot advances institutional crypto adoption and interoperability between crypto rails and traditional banks—potentially accelerating tokenized securities issuance, DeFi/CEX integration and settlement efficiency, while highlighting custody and regulatory considerations.
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JPMorgan Chase (JPM), Mastercard (MA), Ripple, and Ondo Finance completed a tokenized U.S. Treasury redemption that joined the XRP Ledger with bank settlement rails across borders. Ondo said the test was the first near real-time, cross-border, cross-bank redemption of a tokenized U.S. Treasury fund. The setup gave institutions a working path for 24/7 tokenized asset...
