Ripple, JPMorgan, Mastercard move tokenized Treasuries on XRP
The first joint settlement across the three rails turns tokenized US Treasuries into working plumbing for institutional payments, not just a balance-sheet experiment.
Ondo is a cryptocurrency operating within the Ethereum ecosystem and designed to support the governance of a decentralized finance protocol focused on tokenized real-world assets. The project is associated with the Ondo Foundation, an independent nonprofit organization established in 2022 in the Cayman Islands, which helped launch the Ondo DAO, a decentralized governance body overseeing Flux Finance, a lending protocol notable for accepting tokenized securities as collateral. ONDO is the native governance token of the Ondo DAO, giving holders the ability to participate in decisions that shape the direction of the protocol and its associated platforms. The broader mission of the project centers on broadening access to institutional-grade financial products through decentralized infrastructure, with a particular emphasis on the tokenization of traditional assets and their integration into on-chain lending markets. Ondo falls within the Real World Assets (RWA) and decentralized finance categories, reflecting its focus on bridging conventional financial instruments with blockchain-based applications.
The first joint settlement across the three rails turns tokenized US Treasuries into working plumbing for institutional payments, not just a balance-sheet experiment.
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The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners.
Ondo (ONDO) is categorised as: Binance Alpha Spotlight, Pantera Capital Portfolio, Coinbase Ventures Portfolio.
The official Ondo site is https://ondo.foundation/.
Most recent Ondo coverage: "Ripple, JPMorgan, Mastercard move tokenized Treasuries on XRP" — read at /en-US/a/jpmorgan-mastercard-ripple-complete-cross-border-xrp.