JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

Ripple and JPMorgan completed the first cross‑border tokenized Treasury redemption on the XRP Ledger, redeeming Ondo’s OUSG tokenized Treasury fund in under five seconds. JPMorgan and Mastercard executed the first cross‑border US Treasury transfer on the XRP Ledger, building on a recent prior pilot that moved the same fund between public and permissioned blockchains.