Ondo partners with Mastercard to launch RWA service on MTN

BlockBeats News, February 26th, According to official sources, the RWA project Ondo Finance has joined the Mastercard network to improve cross-border payments. Ondo's short-term US Treasury bond fund (OUSG) investment product will be open to businesses on the Mastercard multi-token network (MTN), allowing them to earn yield through tokenized assets.

Most of OUSG's assets are reportedly invested in BlackRock's US dollar institutional digital liquidity fund (BUIDL), which is the largest blockchain-based money market fund backed by short-term US government bonds. Mastercard's MTN combines blockchain tools with API support aimed at helping banks streamline domestic and cross-border transactions.