BlockBeats News, May 8th, Payment giant Mastercard, investment bank JPMorgan, blockchain payment company Ripple, and tokenization platform Ondo completed a cross-border tokenization of government bonds settlement experiment linking a public chain with the traditional banking system.

The experiment aimed to bridge the "last mile" between the public chain and bank closed systems, exploring the use of tokenized assets such as US government bonds to achieve near real-time bank consortium settlement in a real cross-border scenario. This collaboration does not involve a single cryptocurrency but focuses on the tokenization of real-world assets (RWA) and the integration of institutional DeFi with traditional financial infrastructure.