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Ondo partners with Mastercard to launch RWA service on MTN

4 hours ago

February 26th. As per official channels, the RWA project Ondo Finance has integrated into the Mastercard network in order to enhance cross-border payment processes. Ondo's short-term US Treasury bond fund (OUSG) investment offering will be accessible to businesses on the Mastercard multi-token network (MTN), enabling them to generate yield by means of tokenized assets. It is reported that the majority of OUSG's assets are invested in BlackRock's US dollar institutional digital liquidity fund (BUIDL), which is the largest blockchain-backed money market fund underpinned by short-term US government bonds. Mastercard's MTN combines blockchain technologies with API support with the aim of facilitating banks in streamlining domestic and cross-border transactions.
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