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# ousg

106

ThisNameIsn_tBad.

Today’s news is worth a close look: Ondo, JPMorgan Chase, Mastercard, and Ripple collaborate to settle tokenized government bonds on the XRP Ledger.
This is not just a simple proof of concept. Tokenized government bonds (like Ondo’s OUSG) are essentially on-chain money market funds, and choosing the XRP Ledger as the settlement layer indicates that Wall Street is experimenting with using public blockchains for 24/7 cross-border clearing.
Why is this important? Traditional cross-border settlement relies on SWIFT and correspondent banks, taking T+1 or even longer. This experiment demonstrate

ONDO6.73%

XRP-1.8%

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