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Ondo Finance Joins the Mastercard Multi-Token Network (MTN) as the First Real-World Asset (RWA) Provider

1. Ondo Finance integrates real-world assets into Mastercard's Multi-Token Network. 2. This aims to enhance cross-border payments and allow daily yield for businesses.

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Why Bullish?

Mastercard's integration of RWAs can boost transactional volume, following historical precedents where innovation led to stock price increases, such as the adoption of contactless payments.

How important is it?

This move is a significant development in Mastercard's technological advancements, likely influencing investor perception and future growth potential.

Why Long Term?

The long-term effects of integrating RWAs could create new revenue streams and partnerships, similar to how digital banking services have transformed traditional banking over years.

Related Companies

NEW YORK--(BUSINESS WIRE)--Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-border payment experiences. As the first tokenized RWA integrated into the MTN, Ondo's Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redem.

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