The redemption test settled in roughly 5 seconds, compared with 3 to 5 business days on traditional payment rails.
JPMorgan, Mastercard, Ondo Finance and Ripple completed a tokenized Treasury redemption test on the XRP Ledger. The transaction settled in roughly 5 seconds, compared with 3 to 5 business days on traditional rails, highlighting how tokenization can shorten settlement times for real-world assets moved on blockchain networks.