JPMorgan, Mastercard, and Ripple Settle XRP Treasuries

Hybrid Rails Go Live: A Tokenized Treasury Settles in Five Seconds Across XRPL, Mastercard, and JP Morgan

Summary: This week's highest-signal development was not another stablecoin launch or Layer-2 upgrade. It was a single transaction. On May 6, Ripple redeemed a portion of its Ondo Short-Term U.S. Government Treasuries (OUSG) holdings on the public XRP Ledger. The asset leg cleared in under five seconds. Ondo passed the redemption instruction to Mastercard's Multi-Token Network, which routed the payout to Kinexys by J.P. Morgan. Kinexys debited On…

JPMorgan, Ripple Pilot Hybrid Settlement for Tokenized Treasuries

Summary: Pilot links public blockchain rails with traditional bank settlement systems. Tokenized U.S. Treasuries redeemed via hybrid onchain-offchain flow. Signals […] The post JPMorgan, Ripple Pilot Hybrid Settlement for Tokenized Treasuries appeared first on CoinsPress.

JPMorgan, Mastercard, and Ripple Settle XRP Treasuries

JPMorgan, Mastercard, and Ripple announced today, May 10, the successful completion of "Project Atom"—the first multi-bank, cross-border settlement of tokenized U.S.