[Ondo Finance Completes First Tokenized U.S. Treasury Cross-Border, Cross-Bank Exchange with J.P. Morgan, Mastercard, and Ripple] Odaily Planet Daily News: According to the official blog of Ondo Finance, Ondo Finance (Ondo), in collaboration with Kinexys by J.P. Morgan, Mastercard, and Ripple, has completed the first near real-time cross-border, cross-bank exchange of tokenized U.S. Treasury funds. In this pilot project, Ripple exchanged its holdings of Ondo Short-Term U.S. Government Bonds (OUSG) on the XRP Ledger. After processing the exchange, Ondo sent fiat payment instructions via Mastercard's Multi-Token Network, with settlement executed by Kinexys by J.P. Morgan's blockchain infrastructure. The U.S. dollar funds were then delivered to Ripple's bank account in Singapore through its correspondent banking network. This project demonstrates the feasibility of integrating public blockchain infrastructure with interbank settlement systems, establishing a framework for global banks to leverage tokenized assets for 24/7 real-time cross-border settlements.