3 hours ago
Tokenized real-world asseverate (RWA) issuer Ondo Finance has joined the Mastercard web that connects fiscal institutions with businesses to amended cross-border payments.
Ondo's Short-Term U.S. Government Treasuries Fund (OUSG) concern merchandise volition beryllium disposable to businesses connected Mastercard's Multi-Token Network (MTN), giving them entree to output via tokenized assets, according to an emailed announcement connected Wednesday.
The bulk of OUSG's assets are invested successful BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based wealth marketplace fund, which is backed by short-term U.S. authorities bonds.
Mastercard's MTN incorporates API-enabled blockchain tools to let banks to streamline home and cross-border transactions.
Traditional fiscal (TradFi) giants similar Mastercard processing blockchain-based networks means that different fiscal institutions and corporates are capable to entree cryptocurrency and different integer assets without having to acceptable up further crypto infrastructure oregon accounts.
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