Ondo Finance Joins Mastercard’s MTN Network

Mastercard’s MTN includes API-enabled blockchain tools that allow banks to process both domestic and international transactions more quickly and efficiently.

Ondo Finance has joined this network by issuing tokenized real-world assets (RWAs), aiming to accelerate and secure cross-border payments.

Ondo Finance’s Short-Term U.S. Government Treasuries Fund (OUSG) will be available to businesses on Mastercard’s Multi-Token Network (MTN), offering them the opportunity to earn returns via tokenized assets. This announcement was made in an email statement on Wednesday.

Most of OUSG’s assets are invested in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based money market fund backed by short-term U.S. government bonds.

Mastercard’s MTN includes API-enabled blockchain tools that streamline operations for banks and financial institutions. This development will allow companies to access cryptocurrency and digital assets without the need for additional infrastructure, improving their business processes.

The move by traditional financial giants like Mastercard to develop blockchain-based networks is increasing interest in digital assets across the sector.

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