Ondo Finance has announced a strategic partnership with Mastercard’s Multi-Token Network (MTN), making it the first provider to bring real-world assets (RWA) to the global payments leader’s blockchain infrastructure. This collaboration marks a significant milestone in the integration of tokenized assets with traditional financial systems.
Ondo’s short-term U.S. government treasury fund (OUSG) will be the first tokenized RWA on Mastercard’s MTN, allowing businesses to earn daily yield with 24/7 access to subscriptions and redemptions—eliminating the need for stablecoin onramps or settlement delays.
The integration of OUSG into Mastercard’s network represents a major advancement in financial connectivity. By linking private payment rails with tokenized assets on public blockchains, this partnership enables faster, more transparent, and efficient global financial transactions.
Ian De Bode, Chief Strategy Officer at Ondo Finance, emphasized the significance of this move:
“This partnership represents a landmark moment of connecting private payment network rails to tokenized assets on public blockchain networks. This connectivity will enable the banking ecosystem to move to 24/7 functionality on a global basis, powered by Ondo’s assets and services.”
Mastercard’s Multi-Token Network (MTN) is designed to allow banks and financial institutions to seamlessly connect to digital applications while managing the complexities of domestic and cross-border transactions. By integrating tokenized assets, businesses on MTN can access round-the-clock cash management before final settlement on traditional banking rails—without requiring additional crypto infrastructure or accounts.
With this integration, Mastercard and Ondo Finance are advancing the tokenization of U.S. Treasuries, making them more accessible, liquid, and efficient. Businesses will benefit from instant access to tokenized treasuries using traditional cash balances, providing greater flexibility in cash management.
This development follows Ondo’s recent expansion to the XRP Ledger, allowing institutional investors to access OUSG and further accelerating the adoption of tokenized RWAs in the global financial ecosystem.
While the tokenization of real-world assets (RWAs) holds immense potential to enhance transparency, security, and efficiency, challenges remain—particularly in establishing a widely interoperable infrastructure bridging public and private financial networks.
Jorn Lambert, Mastercard’s Chief Digital Officer, highlighted the need for regulated financial applications to unlock blockchain’s full value:
“Until there exists the ability to actually develop financially regulated applications on the blockchain, the benefits will never go mainstream. Regulated financial institutions are crucial for tokenized blockchain money movement vehicles to truly scale.”
As financial institutions continue to explore blockchain-powered solutions, the Mastercard-Ondo partnership represents a significant step toward the mainstream adoption of tokenized assets. By integrating blockchain-based financial instruments with traditional banking infrastructure, the collaboration aims to create a more interconnected, efficient, and secure global payments ecosystem.
