Ondo Finance becomes the first provider to bring real-world assets to Mastercard's Multi-Token Network (MTN).
The partnership will enable 24/7 functionality on a global basis, connecting private payment network rails to tokenized assets on public blockchain networks.
MTN allows banks to connect digitally, improving transparency, faster settlement, and reducing time zone friction in domestic and cross-border commercial transactions.
Ondo's tokenized short-term U.S. government treasury fund (OUSG) will allow businesses to earn daily yield and gain 24/7 access before payments are settled on traditional banking rails.