Ondo Finance Brings Tokenized Treasuries to Mastercard’s Blockchain Network

Ondo Finance is set to become the first company to introduce real-world assets to Mastercard’s Multi-Token Network (MTN).

The firm announced that its tokenized U.S. government treasury fund, OUSG, will be integrated into the network, allowing businesses to access yield-bearing assets without relying on stablecoin conversions or traditional settlement delays.

Ian De Bode, Ondo Finance’s chief strategy officer, described this collaboration as a breakthrough in linking private payment networks with public blockchain assets. He emphasized that this connection could enable global banking operations to function seamlessly around the clock.

Mastercard’s MTN is designed to help banks streamline digital applications and navigate the complexities of cross-border and domestic transactions, offering enhanced transparency and faster settlements. By integrating OUSG, the network will provide businesses with 24/7 access to tokenized treasuries, eliminating the need for additional crypto infrastructure.

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This move builds on Ondo’s recent expansion, which included bringing tokenized U.S. Treasuries to the XRP Ledger, broadening institutional access to these assets. While tokenized RWAs have been praised for their potential to enhance liquidity and efficiency, the lack of a universally interoperable framework between traditional and blockchain-based financial systems remains a challenge.

Mastercard’s Chief Digital Officer Jorn Lambert has previously stressed that for blockchain-based financial applications to achieve widespread adoption, regulated institutions must play a central role in bridging the gap between digital and traditional finance.

Alexander Stefanov