XRP Ledger Pilot Links Treasury Redemption to Bank Settlement
The XRP Ledger processed the asset leg of a pilot tokenized U.S. Treasury redemption in under five seconds, triggering a coordinated fiat settlement through Mastercard’s Multi-Token Network and J.P. Morgan’s Kinexys. The test connected public-ledger finality with correspondent banking settlement, showing how institutional tokenized assets could move through a near-real-time, end-to-end redemption flow.