Ondo Finance has joined forces with Mastercard to introduce tokenized U.S. Treasury bonds to Mastercard’s Multi-Token Network (MTN). This partnership enables firms within the network to gain entry to tokenized U.S. Treasury securities, presenting a novel method to generate daily revenue and handle subscriptions and repayments.
Mastercard’s MTN seeks to simplify financial dealings by linking banks and businesses in a cohesive digital space. By integrating tokenized U.S. Treasury securities, the network connects the divide between private payment platforms and public blockchains.
This incorporation removes the necessity for stablecoin entrances or settlement postponements, delivering a substitute to conventional cash administration. Ondo Finance’s integration empowers enterprises to directly access tokenized U.S. Treasury securities on public blockchains, resolve payments through established banking infrastructure, and oversee liquidity with greater adaptability.
The fundamental assets of the fund encompass holdings in the BlackRock USD Institutional Digital Liquidity Fund, alongside short-term U.S. Treasury bonds handled by firms such as Franklin Templeton and WisdomTree. Mastercard’s Multi-Token Network intends to create a structure for digital financial transactions, including cross-border settlement and liquidity management, offering companies alternate financial resolutions. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
