MasterCard announces a new partnership with ONDO Finance (ONDO) with which the project will participate in the Multi-Token Network (MTN) of the credit card giant, a blockchain that connects commercial banks and digital assets.
In a new press release, Mastercard out It joins forces with the Real-World Asset (RWA) Tokenization Protocol because the company believes that block chains are the future of business-to-business transactions because of their efficiency.
“Blockchain technology can transform the way in which companies pay each other. Even in 2025, the complex work of arranging the business transactions of the world sometimes requires waiting for several days while banks communicate and synchronize their bills with each other. Blockchains, on the other hand, can quickly process and arrange transactions at any time of the day, every day of the week. ”
The Chief Strategy Officer of ONDO, Ian de Bode, told Mastercard in an interview that token the token to traditional assets such as gold and effects and which they will be traded on block chains, will enable investors to escape the limited framework of traditional finances.
“If you have a traditional possession, such as an investment protection, on the blockchain, you can switch on the clock around transactions and you can integrate them into smart contracts.
You can do that without centralized counterparties. You are not dependent on the infrastructure of traditional financial services that do not work 24/7 and are usually quite quiet. ”
The messenger further predicts that “we tokenized shares, ETFs (listed funds) and the ability to borrow against them on the chain will see faster than most people believe.
ONDO acts for $ 0.967 at the time of writing, a fall of 1.8% during the last 24 hours.
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Featured image: Shutterstock/Andy Chipus
