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Francesco Campisi

Ondo, JPMorgan Kinexys and Partners Settle Tokenized Treasuries on XRPL in Under 5 Seconds

On May 6, 2026, Ondo Finance, JPMorgan's Kinexys, Mastercard, and Ripple completed a pilot redemption of tokenized U.S. Treasuries on the XRP Ledger, with the on-chain leg finalizing in under 5 seconds outside banking hours. The flow routed fiat instructions through Mastercard's Multi-Token Network and JPMorgan's correspondent rails, delivering USD to Ripple's Singapore bank account while settlement on-chain used RLUSD.
XRP
XRP-2.31%
ONDO
ONDO-9.24%
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