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 on-chain infrastructure.Ripple characterized the successful test as a foundational shift for the industry.
The move addresses a primary friction point in the adoption of tokenized real-world assets: the “last mile” of settlement, where digital tokens must be converted back into usable bank-intermediated currency.
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.
