Techub News reports that, according to CryptoBriefing, Ondo Finance, JPMorgan Chase Kinexys, Mastercard, and Ripple completed a pilot of tokenized U.S. Treasury bonds. The transaction used the XRP Ledger to redeem OUSG tokens and leveraged Mastercard's multi-token network and Kinexys' settlement rails to facilitate cross-border payments. The pilot achieved near real-time settlement of tokenized U.S. Treasury bonds in interbank and cross-border scenarios, demonstrating how tokenized assets can interact with public blockchains and traditional banking systems. Ripple redeemed part of its OUSG holdings on the XRP Ledger, with funds transferred to its Singapore account via JPMorgan Chase's correspondent banking network.