Ondo Finance, a tokenized real-world assets platform, has completed the first near-real time cross-border redemption of a U.S. Treasury fund using JPMorgan's Kinexys platform, Mastercard, and Ripple. The transaction was processed in under five seconds on the Ripple-backed XRP Ledger. This feat marks the first time tokenized Treasuries have settled across borders and banks without traditional banking windows. The collaboration reflects growing institutional momentum in asset tokenization, with major banks rapidly scaling their systems.