Mastercard is announcing a new partnership with Ondo Finance (ONDO<\/a>) that will see the project join the credit card giant\u2019s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets.<\/p>\n In a new press release, Mastercard says<\/a> it is joining forces with the real-world asset (RWA) tokenization protocol because the firm believes blockchains are the future of business-to-business transactions due to their efficiency.<\/p>\n \u201cBlockchain technology has the potential to transform the way businesses pay one another. Even in 2025, the complex work of settling the world\u2019s business transactions sometimes requires waiting several days as banks communicate and sync their accounts with each other. Blockchains, on the other hand, can quickly process and settle transactions any time of day, any day of the week.\u201d <\/em><\/p>\n Ondo\u2019s chief strategy officer, Ian De Bode, told Mastercard in an interview that tokenizing traditional assets such as gold and securities and allowing them to be traded over blockchains will allow investors to escape the limited framework of traditional finance.<\/p>\n \u201cWhen you put a traditional asset, such as an investment security, on the blockchain, you enable transactions around the clock, and you can integrate it into smart contracts. <\/em><\/p>\n You can do that without centralized counterparties. You\u2019re not reliant on the infrastructure of traditional financial services, which do not work 24\/7 and tend to be pretty siloed.\u201d <\/em><\/p>\n De Bode goes on to predict that \u201cwe will see tokenized stocks, ETFs (exchange-traded funds) and the ability to borrow against them on-chain\u201d faster than most people believe.<\/p>\n ONDO is trading for $0.967 at time of writing, a 1.8% decrease during the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span>
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