EL7.AI
CryptoMediumUpdated×27•Originally published 6 May 2026•Updated 8 May 2026•
1 min read

Ripple and JPMorgan Utilize XRP Ledger for Tokenized Treasury Settlements

Portraits of Brad Garlinghouse and Jamie Dimon with Ripple and JPMorgan logos and digital document pipelines.

Key Facts

1Ripple, JPMorgan, and other institutions utilized the XRP Ledger to cash out tokenized Treasury funds internationally.
2The transaction serves as an example of major financial institutions exploring 24/7 settlement systems.

Ondo Finance has achieved a global milestone by completing the world's first near-instantaneous cross-border redemption of a tokenized U.S. Treasury fund through a pilot involving Ripple and JPMorgan. New reports have confirmed the pilot's success in linking blockchain-based redemptions directly with instant cross-border fiat settlement infrastructure. Following this institutional milestone, the price of the ONDO token rose 5.7% to approximately $0.3664, maintaining a significant 7-day increase of 37.5%. The initiative utilized JPMorgan’s Kinexys unit and Mastercard's Multi-Token Network (MTN) to bridge digital assets with traditional interbank systems. Ripple is now targeting the processing of $3 trillion in corporate treasury flows by positioning XRP as a primary settlement layer. The pilot demonstrated settlement speeds of under five seconds, signaling a definitive move toward 24/7 liquidity and a tokenized financial future.