23 hours ago
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Key Takeaways:
- ONDO surged over 18% in 24 hours and more than 50% week-on-week, trading around $0.40.
- Ondo Finance completed a landmark settlement pilot with J.P. Morgan, Mastercard and Ripple.
- Protocol TVL exceeded $3.5 billion with Q1 2026 revenue hitting $13.26 million.
- Tokenized Chinese equities on BNB Chain saw market cap growth of over 2,800%.
The immediate catalyst came from a pilot transaction completed jointly with Kinexys, the payments arm of J.P. Morgan, alongside Mastercard and Ripple.
J.P. Morgan, Mastercard and Ripple at the Same Table – and the Transaction Closed in 5 Seconds
For the first time, tokenized U.S. Treasury securities were redeemed atomically – meaning simultaneously and indivisibly – across four separate infrastructure layers. The transaction ran on the XRP Ledger, with Ripple’s RLUSD handling settlement. The entire process took under five seconds, compared to a traditional procedure that requires days.
Today, Mastercard, @OndoF...
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