01 /
Brief
Payments network developing digital-asset settlement infrastructure. Its Multi-Token Network routed the payment instruction in the May 6, 2026 OUSG redemption pilot with Ondo, Ripple and Kinexys by J.P. Morgan.
02 /
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Ondo: cross-border OUSG redemption pilot (opens in a new tab)
Checked
- May 6, 2026 pilot: OUSG asset leg on XRPL, instruction via Mastercard MTN and USD payout through Kinexys and correspondent banking.
- This checks the named pilot roles only, not a general rollout or a first-ever market-wide claim.
03 /
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries
- Jurisdiction
- US
04 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
