Ondo Finance to Bring RWAs to Mastercard Network

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CoinDesk 12h ago

Ondo Finance to Bring RWAs to Mastercard Network - CoinDesk

Quick Summary:

Traditional financial (TradFi) giants like Mastercard developing blockchain-based networks means that other financial institutions and corporates are able to access cryptocurrency and other digital assets without having to set up additional crypto infrastructure or accounts.

Mastercard's MTN incorporates API-enabled blockchain tools to allow banks to streamline domestic and cross-border transactions.

The majority of OUSG's assets are invested in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based money market fund, which is backed by short-term U.S.government bonds.