Ripple, Mastercard And JPMorgan Complete XRP Ledger Settlement Trial
Ripple, Ondo Finance, Mastercard and Kinexys by J.P. Morgan have completed a pilot transaction connecting the XRP Ledger with interbank settlement rails, marking a notable test of how tokenized assets can be redeemed across public blockchain infrastructure and global bank networks. The transaction involved a redemption of Ondo’s tokenized US Treasury product, OUSG, with the […]
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Ripple and XRP moved further into institutional finance after Mastercard, Ondo Finance, and Kinexys by JPMorgan completed a major blockchain-based settlement pilot involving tokenized US Treasuries. Announced on May 6, 2026, the pilot transaction connected the XRP Ledger with traditional interbank payment rails, offering a clearer picture of how blockchain networks operate alongside global banking […]
Ondo Finance, Kinexys by J.P. Morgan, Mastercard, and Ripple have jointly completed the first near real-time cross-border, cross-bank redemption of tokenized US Treasuries — with the XRP Ledger serving as the settlement blockchain at the center of a transaction that connected public blockchain infrastructure directly to global banking rails for the first time. Related Reading: […]
Mizuho Financial Group announced this week it will pilot Ripple's distributed ledger technology for use in cross-currency settlement. The trial will find the Japan-based financial services firm and R3 member, along with SBI Holdings, using Ripple's payment solutions to explore how cross-border payments could be conducted between the financial institutions. R3 will act as the consultant on the project. Representatives from Ripple said the trial is expected to evolve to the point where real payment information, and eventually, real funds, are moved between the companies. The startup, which....
Mastercard is exploring a path to settle card flows in Ripple USD (RLUSD) through its network in a move that could bring XRP Ledger-linked stablecoin infrastructure closer to one of the world’s largest payments systems. In an interview shared April 16 by XRPL Commons’ Odelia Torteman, Mastercard’s senior vice president for digital assets and blockchain, […]
Ripple, a crypto payments company, has announced a major partnership with Mastercard to explore how the RLUSD stablecoin on the XRP Ledger (XRPL) can facilitate the settlement of fiat card transactions. This collaboration aims to modernize payment infrastructure by integrating blockchain technology with traditional banking, providing faster, more transparent, and fully compliant transaction processing. The […]