JPMorgan, Mastercard, and Ripple, along with Ondo and Kinexys, have collaborated to enable 24/7 operations for tokenized US treasuries. This development allows for rapid settlement of tokenized US treasuries on the XRP Ledger, reportedly in just five seconds.

J.P. Morgan's blockchain unit, Kinexys, in collaboration with Mastercard, Ripple, and Ondo Finance, successfully completed the first near-real-time, cross-border, and cross-bank redemption of a tokenized U.S. Treasury fund.