MasterCard has onboard Ondo Finance as the first provider of tokens of real-world assets on its multi-token network, allowing businesses to use US Treasury Securities tokens.
Ondo Finance’s short -term American government Treasury Fund will be available on MTN, allowing businesses to earn daily yield through the property of token with constant membership and redemption.
Integration removes the requirement of stablecoin onramps or disposal delays, offering traditional cash management options.
What is the multi-token network of MasterCard?
The MTN of MasterCard is designed to streamline financial transactions by adding banks and businesses to the integrated digital environment. In addition to the token US Treasury Securities, these assets are introduced to the network, which combines private payment systems with public blockchain.
it Development Regulatory compliance follows years of efforts by banks to avail blockchain technology for efficiency while maintaining compliance.
Ondo Finance (ONDO) integration allows businesses to directly tokens US Treasury Securities on a public blockchain, to pay through traditional banking infrastructure without additional cryptocurrency requirements and manage liquidity with increased flexibility.
The underlying assets of the fund include Blackrock’s US Dollar Institutional Digital Liquidity Fund included short -term American treasury managed by firms such as Holdings and Franklin Templeton and Wisdomatry.
MasterCard’s multi-token network aims to establish a framework for digital financial transactions including cross-border settlements and applications in liquidity management. By incorporating the property of tokens, the network expands its abilities to support businesses seeking alternative financial solutions.
