The issuer of assets of the real world token (RWA) Ondo Finance has joined the Mastercard network that connects financial institutions with companies to improve cross -border payments.
The Treasury investment product of the United States Government in the short term of Ondo (OUSG) will be available for companies in the MasterCard multied network (MTN), giving them access to performance through tokenized assets, according to an announcement sent by email on Wednesday.
The majority of OUSG assets are invested in the Institutional Digital Liquidity Fund of USD in Blackrock (Buidl), the largest monetary market fund based on blockchain, backed by the United States government bonds in the short term.
The Mastercard MTN incorporates blockchain tools enabled for API to allow banks to rationalize national and cross -border transactions.
Traditional financial giants (Tradfi) as mastercard developing blockchain -based networks means that other financial institutions and companies can access cryptocurrencies and other digital assets without having to configure the infrastructure or additional cryptographic accounts.
