[Ondo Finance Completes Tokenized U.S. Treasury Cross-Border, Cross-Bank Settlement Pilot] According to Ondo Finance's official disclosure, Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple have completed a pilot transaction connecting the XRP Ledger with interbank clearing networks. This marks the first near-real-time cross-border, cross-bank settlement of tokenized U.S. Treasuries. Ondo processed Ripple's OUSG redemption on the XRP Ledger, Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan, which delivered U.S. dollars to Ripple's Singapore bank account.