Tokenized U.S. treasuries for XRP Ledger dey settle for 5 seconds

Ondo Finance talk say dem don complete first near-real-time, cross-border, cross-bank redemption of tokenized U.S. Treasuries using XRP Ledger on May 6. The pilot link blockchain execution to traditional fiat settlement through JPMorgan (via Kinexys), Mastercard, and Ripple. For the asset leg, the tokenized U.S. Treasuries redemption settle for XRP Ledger in under five seconds. For the fiat leg, Mastercard’s Multi-Token Network process the instruction, then the payout route through JPMorgan’s correspondent banking network to Ripple’s Singapore bank account. The test use Ondo’s OUSG (short-term U.S. Treasuries for accredited investors), with Ripple redeem part of im OUSG holdings. Ondo say the workflow reduce “last mile” friction wey manual processes, wire systems, and limited operating hours dey cause—aiming for 24/7 global markets. Kinexys add say dem don process $3T+ in transactions. The news also fit with wider tokenized market growth, with tokenized U.S. Treasuries rise above $10B and Ondo’s OUSG TVL top $770M across Ethereum, Solana, XRPL, and Polygon. For crypto traders, faster settlement rails for institutional redemptions na positive RWA signal. E fit support XRP’s story about payments and settlement efficiency, though near-term price impact likely small without follow-on volume.