Ondo Finance, a tokenized real-world asset issuer, has joined the Mastercard network to enhance cross-border payments. Through Mastercard's Multi-Token Network, Ondo's investment product, Short-Term U.S. Government Treasuries Fund (OUSG), will be available to businesses, providing access to yield through tokenized assets. The majority of OUSG's assets are invested in BlackRock's USD Institutional Digital Liquidity Fund, the largest blockchain-based money market fund, backed by short-term U.S. government bonds. This collaboration allows financial institutions and corporates to access cryptocurrency and digital assets without establishing additional crypto infrastructure or accounts. Mastercard's use of blockchain technology signifies a trend among traditional financial giants in adopting blockchain-based networks.



Other News from Today