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

Fintech Finance

This makes access to tokenized treasuries via traditional cash balances instant and seamless, meaning complete, 24/7 cash management freedom. This opens the door for broad application of OUSG as collateral for working capital, trade finance agreements, and simple cash management, globally.

Visa 91
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Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore

The Fintech Times

Heiko Nix, global head of cash management and payments at Siemens AG Heiko Nix , global head of cash management and payments at Siemens AG, said: “Siemens AG’s collaboration with Standard Chartered marks a pivotal advancement in the realm of cross-border transactions. .

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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-border settlement. This also means that cash management and account maintenance can save FIs up to 74 percent, the company calculated.