#cross-border redemption

[rwatimes]

Ondo Finance Reports Near-Real-Time Cross-Border Redemption of Tokenized US Treasuries

➤ Ondo Finance successfully executed the first near-instantaneous, cross-border, and cross-bank redemption of tokenized U.S. Treasuries (OUSG) using public blockchain technology. ➤ The pilot, in collaboration with J.P. Morgan (Kinexys), Mastercard, and Ripple, demonstrated seamless integration between blockchain and traditional banking systems for 24/7 global settlements. ➤ This achievement removes a significant barrier to adoption for tokenized assets, paving the way for more efficient capital flows and continuous liquidity management worldwide.

[rwatimes]

XRP new addresses sink to 18-month low

Monthly active XRP supply also sinks to nearly 2 billion tokens a day.

➤ New addresses on the XRP network have fallen to an 18-month low, indicating a significant decline in user adoption. ➤ Despite a recent successful cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger involving major financial players, XRP's price has struggled and seen liquidations. ➤ While whale inflows to Binance are at a four-year low, suggesting whales are holding XRP, overall market sentiment and active supply metrics point to a challenging period for the cryptocurrency.

[rwatimes]

XRP Price Trails as ONDO Gains 29% on Treasury News

XRP price rose 2.5% while ONDO surged 29% after the first near-real-time US Treasury redemption on the XRP Ledger.

➤ Ondo Finance, Ripple, JPMorgan, and Mastercard successfully executed the first near-real-time cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger, settling in under five seconds. ➤ While XRP saw a modest 2.5% price increase, ONDO, representing the tokenized Treasury product, surged by 29% as traders focused on the underlying asset and its yield exposure. ➤ This event highlights the growing institutional adoption of blockchain for financial infrastructure and the settlement of real-world assets.

[rwatimes]

Ondo, JPMorgan, Mastercard and Ripple execute the first 24/7 tokenized Treasury cross-border redemption

Ondo, JPMorgan Kinexys, Mastercard MTN, and Ripple completed the first near-real-time cross-border OUSG Treasury redemption: XRPL asset settlement in 5s,

➤ Ondo, JPMorgan, Mastercard, and Ripple successfully executed the first near-real-time, 24/7 cross-border redemption of tokenized U.S. Treasuries using a hybrid public and permissioned system. ➤ The transaction demonstrated the potential for tokenized assets to improve institutional liquidity and collateral management by overcoming traditional settlement window limitations. ➤ The pilot signifies a shift towards integrating tokenized RWAs into core capital markets infrastructure, with banks playing a key role in adoption and settlement.

[rwatimes]

Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger

The pilot, run with Ondo Finance and Mastercard, processed the redemption of Ondo's OUSG tokenized Treasury fund in under five seconds.

➤ Ondo Finance, in collaboration with JPMorgan, Mastercard, and Ripple, successfully executed a cross-border redemption of its tokenized U.S. Treasury fund (OUSG) on the XRP Ledger in under five seconds. ➤ The pilot transaction utilized Mastercard's Multi-Token Network and JPMorgan's Kinexys platform, demonstrating the potential for 24/7 global markets by linking public blockchain infrastructure with interbank settlement rails. ➤ This achievement occurs as the DTCC prepares to launch its own tokenization service and highlights the growing volume of tokenized deposits and the integration of traditional finance with blockchain technology.

[rwatimes]

Ondo's Cross-Border Redemption: A Flow Test for Tokenized Treasuries

Ondo's Cross-Border Redemption: A Flow Test for Tokenized Treasuries

➤ Ondo successfully conducted a cross-border redemption pilot for its tokenized U.S. Treasury bonds, demonstrating a functional link between public blockchains (XRP Ledger) and traditional financial infrastructure (Mastercard, JPMorgan's Kinexys). ➤ The pilot showcases 24/7 real-time settlement capabilities for tokenized assets, aiming to reduce friction for institutions, though its current scale is minimal and its impact on market liquidity is negligible. ➤ Key risks to scaling include regulatory uncertainty and the need for widespread institutional adoption and replication of this integrated infrastructure to move beyond a technical proof-of-concept.