Ripple, JPMorgan and others use XRP Ledger to cash out tokenized Treasurys fund internationally
The transaction represents an example of crypto firms and Wall Street institutions jointly exploring 24/7 settlement systems....
Key takeaways
- 1Ripple and JPMorgan tested XRP Ledger for tokenized Treasury fund international settlements.
- 2The transaction demonstrates 24/7 settlement capabilities beyond traditional banking hours.
- 3Wall Street institutions and crypto firms are collaborating on blockchain-based financial infrastructure.
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Why it matters
This collaboration signals institutional adoption of blockchain for cross-border settlements, potentially reducing costs and settlement times for Indian investors in global markets while validating XRP Ledger's enterprise use case.
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