Mastercard announces a new partnership with Ondo Finance (ONDO) who will see the project join the Multi-Token network (MTN) of the credit cards giant, a blockchain that connects commercial banks and digital assets.
In a new press release, Mastercard says that he joins a tokenization protocol of real assets (RWA) because the company considers that blockchains are the future of business transactions to business because of their efficiency.
“Blockchain technology has the potential to transform the way companies are paid for each other. Even in 2025, the complex work of regulation of commercial transactions in the world sometimes requires waiting for several days because the banks communicate and synchronize their accounts. Blockchains, on the other hand, can quickly treat and adjust the transactions at any time of the day, any day of the week. »»
Ondo’s strategy director Ian de Bode told Mastercard in an interview that the tokenization of traditional assets such as gold and titles and allowing them to be negotiated on blockchains will allow investors to escape the limited framework of traditional finance.
“When you put a traditional asset, such as investment security, on the blockchain, you allow 24 -hour transactions and you can integrate it into smart contracts.
You can do it without centralized counterparts. You do not depend on the infrastructure of traditional financial services, which do not work 24/7 and tend to be quite compartmentalized. »»
De Bode continues to predict that “we will see actions in token, ETF (negotiated funds on the stock market) and the ability to borrow against them” faster than most people.
Ondo is traded at $ 0.967 at the time of writing, a 1.8% drop in the last 24 hours.
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