A crucial development is taking place at the intersection of legacy finance and blockchain as Ondo Finance teams up with JPMorgan Chase, Mastercard, Ripple to carry out a transaction between them. It would directly connect the XRP Ledger with interbank settlement networks, a radical change in how global financial infrastructures engage. The pilot transaction is unique as the tokenized U.S. Treasuries settle internationally and between banks in near real time, unhampered by conventional banking hours. This milestone changes the rules of the game in that respect with markets that can operate beyond the bounds of time zones and institutional processing
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