Mastercard’s Blockchain Bash: Ondo Finance Crashes the Party

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Mastercard’s Blockchain Bash: Ondo Finance Crashes the Party 🎉

Mastercard’s Blockchain Bash: Ondo Finance Crashes the Party

The Scoop, Darling:

  • Ondo Finance, the tokenized RWA issuer with a penchant for drama, has joined Mastercard’s Multi-Token Network. How thrilling! 🤩
  • Their Short-Term U.S. Government Treasuries Fund investment product will be available to businesses on the Mastercard network. Because, of course, who doesn’t want a piece of that? 🤑

It seems Ondo Finance has finally received the invitation to Mastercard’s blockchain bash, and they’re bringing their tokenized real-world assets (RWAs) to the party. How quaint! 🎂

Their Short-Term U.S. Government Treasuries Fund (OUSG) investment product will be available to businesses on Mastercard’s Multi-Token Network (MTN), because who needs a social life when you can have yield via tokenized assets? 🤷‍♀️

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. Oh, the excitement! 😴

Mastercard’s MTN incorporates API-enabled blockchain tools to allow banks to streamline domestic and cross-border transactions. Because, you know, who needs human interaction when you can have blockchain? 🤖

And the best part? Traditional financial (TradFi) giants like Mastercard developing blockchain-based networks means that other financial institutions and corporates can access cryptocurrency and other digital assets without having to set up additional crypto infrastructure or accounts. How convenient! 🙄

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2025-02-26 17:07