TechFlow News: On May 7, according to The Block, Ripple, JPMorgan, Mastercard, and Ondo Finance recently completed a pilot cross-border transaction involving tokenized U.S. Treasury securities. The specific process was as follows: Ondo Finance first redeemed its tokenized Treasury product, OUSG, on the XRP Ledger; then, instructions were routed via Mastercard’s multi-token network to JPMorgan’s blockchain-based payment platform, Kinexys; and finally, JPMorgan transferred USD into Ripple’s Singapore bank account.
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