TOKENICATION_ is your reliable source for the latest news and analysis on cryptocurrencies. We provide up-to-date information on Bitcoin, Ethereum, and other digital currencies to keep you informed about the latest trends and help you make informed decisions.
Date: 2025-02-26 14:03:59
Ondo Finance, a company that issues tokenized real-world assets (RWA), has become a part of the Mastercard network which links financial institutions with businesses to enhance cross-border payments.
According to an announcement sent via email on Wednesday, Ondo's Short-Term U.S. Government Treasuries Fund (OUSG) investment product will be accessible to businesses on Mastercard's Multi-Token Network (MTN). This will provide businesses with an opportunity to earn yield through tokenized assets.
The majority of OUSG's assets are invested in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based money market fund, which is supported by short-term U.S. government bonds.
Mastercard's MTN includes API-enabled blockchain tools that enable banks to simplify both domestic and cross-border transactions.
Read More: "ARK Invest Acquires Coinbase at Price Dip Amid Bitcoin's Plunge to Long-Term Depths"
When traditional financial (TradFi) giants like Mastercard develop blockchain-based networks, it allows other financial institutions and corporations to access cryptocurrency and other digital assets without the need to establish additional crypto infrastructure or accounts.
Read More: "Mavryk Dynamics Obtains $5.2M for Blockchain-Driven Real Asset Possession"