Ondo and Mastercard Revolutionize RWA with Multi-Token Network Integration!

Jakarta, Pintu News – Ondo (ONDO) has announced that it will be the first provider to bring tokenized real-world assets (RWAs) into Mastercard’s Multi-Token Network (MTN).

This integration allows businesses that are members of MTN to access digital versions of US government bonds without the need to use stablecoins or additional settlement steps.

Mastercard and Ondo Finance: Big Collaboration in the Crypto World

According to an official statement, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will be connected to Mastercard’s blockchain-based payment system.

With this innovation, businesses can earn daily yields from tokenized bonds with more flexible access.

Read also: Ondo Finance Partners with NAVI Protocol to Give $35,000 USDY Prize through Campaign!

Mastercard’s Multi-Token Network (MTN) is a digital financial network designed to connect banks and businesses, simplify cross-border transactions and reduce delays in payment settlement.

Through this integration, businesses can store OUSG on the public blockchain, while still processing payments through Mastercard’s traditional banking system. This approach eliminates the need for additional crypto wallets or dedicated accounts, making access to tokenized bond assets as practical as managing conventional cash balances.

The Bridge Between Traditional Banks and Blockchain

Ian De Bode, Chief Strategy Officer of Ondo Finance, emphasized that this partnership is an important step in connecting private payment networks with tokenized assets on public blockchains.

“This partnership marks a pivotal moment in connecting private payment network infrastructure with tokenized assets on public blockchains. This connectivity will enable the banking ecosystem to operate globally with 24/7 functionality, powered by assets and services from Ondo.”

Mastercard’s Multi-Token Network (MTN) system is designed to support secure and efficient financial operations for institutions, from international transaction settlement to asset-based liquidity.

These developments paved the way for OUSGs to be used as collateral in business financing, trade agreements, and treasury management around the world.

Read also: Singapore Metro Store Adopts Stablecoins for Revolutionizing Digital Payments!

Mastercard and Ondo Finance Collaboration Opens New Opportunities

OUSG offers lower fees, instant transactions, and daily interest payments. Most of its assets are held in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), and it is backed by investments from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital.

In addition, OUSG became the first on-chain fund that can be transferred peer-to-peer.

Raj Dhamodharan, Executive Vice President for Blockchain and Digital Assets at Mastercard, emphasized that this integration has a far-reaching impact on the digital asset ecosystem.

According to him, the collaboration with Ondo Finance will open up new opportunities in the industry. He stated:

“We build on decades of success in the payments sector to bring unparalleled financial flexibility and 24/7 access to businesses around the world. Our collaboration with Ondo Finance is expected to open up new opportunities in the evolving digital asset ecosystem.”

ONDO Token Price Drops Despite Partnering with Global Giants

Ondo Finance’s announcement of a major partnership has sparked various reactions in the crypto market. One crypto enthusiast highlighted that ONDO became one of the first tokens to be integrated by global companies such as PayPal and Mastercard, opening up access opportunities to millions of businesses and consumers around the world.

He argues that with this level of institutional adoption, ONDO has the potential to become one of the most influential digital assets in the future, provided it is able to make optimal use of this strategic partnership.

However, despite this positive news, the price of ONDO has decreased by more than 4.41% in the last 24 hours (2/26/25), possibly due to the overall weakening trend of the crypto market.

In addition, ONDO’s trading volume also plummeted by more than 54%, indicating a decline in investor interest in the short term.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Ondo Finance Becomes First RWA Provider on Mastercard’s Multi-Token Network. Accessed on February 28, 2025
• Pymnts. Ondo Becomes First RWA Provider on Mastercard’s Multi-Token Network. Accessed on February 28, 2025