{"id":72166,"date":"2026-05-07T05:43:40","date_gmt":"2026-05-07T05:43:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ondo-finance-clears-first-xrp-ledger-treasury-redemption-into-singapore-bank\/"},"modified":"2026-05-07T05:43:40","modified_gmt":"2026-05-07T05:43:40","slug":"ondo-finance-clears-first-xrp-ledger-treasury-redemption-into-singapore-bank","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ondo-finance-clears-first-xrp-ledger-treasury-redemption-into-singapore-bank\/","title":{"rendered":"Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Ondo, Ripple, and Mastercard piloted a cross-border Treasury redemption on the XRP Ledger on May 6.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The test proves 24\/7 real-time settlement for tokenized assets, solving a major friction point for banks.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Next, Ondo joins a DTCC working group with BlackRock and 2 others to standardize on-chain infrastructure.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Integration of Public and Private Infrastructure<\/h2>\n<p>Ondo Finance, a leader in the tokenized asset space, <a href=\"https:\/\/x.com\/OndoFinance\/status\/2052048815054627318\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> May 6 the successful completion of the first near-real-time, cross-border redemption of a <a href=\"https:\/\/news.bitcoin.com\/blackrock-and-circle-lead-tokenized-treasuries-as-market-value-climbs-to-15-20b\/\">tokenized<\/a> U.S. Treasury fund. The pilot program, conducted in collaboration with J.P. Morgan\u2019s Kinexys, Mastercard, and Ripple, is seen as a significant milestone in bridging the gap between public <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> infrastructure and global banking systems.<\/p>\n<p>The transaction involved Ripple redeeming a portion of its holdings in the Ondo Short-Term U.S. Government Treasuries (OUSG) fund. The redemption was executed on the <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XRP<\/a> Ledger and triggered a fiat settlement through the Mastercard Multi-Token Network (MTN).<\/p>\n<p>Ripple characterized the successful test as a foundational shift for the industry.<\/p>\n<p>\u201cThis is a meaningful step toward 24\/7 global financial markets,\u201d Ripple said in a <a href=\"https:\/\/x.com\/Ripple\/status\/2052051874971578839\" target=\"_blank\" rel=\"noopener noreferrer\">statement<\/a>. \u201cBy combining the <a href=\"https:\/\/www.binance.com\/en\/price\/xrp\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">XRP<\/a> Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow.\u201d<\/p>\n<p>The settlement process used J.P. Morgan\u2019s Kinexys <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> infrastructure to initiate the fiat payment. The funds were then routed through the bank\u2019s correspondent network to be delivered to Ripple\u2019s bank account in Singapore. This workflow demonstrates that tokenized assets can be liquidated and settled across international borders and outside of traditional banking hours with minimal delay.<\/p>\n<p>The move addresses a primary friction point in the adoption of tokenized real-world assets: the \u201clast mile\u201d of settlement, where digital tokens must be converted back into usable bank-intermediated currency.<\/p>\n<p>The announcement comes as Ondo Finance continues to <a href=\"https:\/\/news.bitcoin.com\/ondo-finance-seeks-sec-no-action-to-integrate-blockchain-into-securities-infrastructure\/\">expand<\/a> its institutional footprint. On May 4, the firm was <a href=\"https:\/\/www.dtcc.com\/news\/2026\/may\/04\/dtcc-advances-development-of-new-tokenization-service\" target=\"_blank\" rel=\"noopener noreferrer\">selected<\/a> to join an industry working group led by the Depository Trust and Clearing Corp. (DTCC) to help define how traditional capital market infrastructure can be brought on-chain.<\/p>\n<p>The DTCC initiative includes other financial heavyweights such as BlackRock, Goldman Sachs, and Franklin Templeton, signaling a growing consensus among Wall Street institutions toward the tokenization of financial assets.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ondo-finance-clears-first-xrp-ledger-treasury-redemption-into-singapore-bank\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Ondo, Ripple, and Mastercard piloted a cross-border Treasury redemption on the XRP Ledger on May 6. The test proves 24\/7 real-time settlement for tokenized assets, solving a major friction point for banks. Next, Ondo joins a DTCC working group with BlackRock and 2 others to standardize [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72166"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72166"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72167"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}