Ondo Finance Brings Tokenized Real-World Assets to Mastercard’s Multi-Token Network
A new partnership with Mastercard and its Multi-Token Network (MTN) is marking a bold step into the future of digital finance and commerce. Mastercard’s MTN will onboard Ondo Finance as its first provider of tokenized real-world assets (RWAs). This integration will bring Ondo’s Short-Term US Government Treasuries Fund (OUSG) to MTN, enabling businesses that onboard with Ondo to seamlessly access the benefits of tokenized treasuries. With OUSG, participating MTN businesses who have onboarded with Ondo can earn daily yield via tokenized assets with 24/7 subscriptions and redemptions—eliminating the need for stablecoin onramps or settlement windows.
Beyond bringing yield to institutional balances for the first time, this integration marks one of the first live instances of direct connectivity between a private payments network and public blockchain networks. Banks have spent years developing private blockchain networks, fully incorporating the efficiencies of blockchain rails, but are finally opening the door to novel financial primitives of DeFi and RWAs.
Unlocking New Possibilities Onchain for Businesses
MTN is Mastercard’s innovative platform designed to connect financial institutions with businesses in a streamlined digital environment. It simplifies the complexities of domestic and cross-border transactions, providing a unified space where banks and businesses can interact securely and efficiently. Now, with the addition of OUSG, MTN is breaking new ground by connecting a private payments network with tokenized assets on public blockchains for the very first time.
This integration allows MTN participants who have onboarded with Ondo to:
- Access OUSG directly on a public blockchain.
- Settle payments through traditional banking rails without requiring additional crypto infrastructure.
- Manage cash with unparalleled flexibility—anytime, anywhere.
By bridging the gap between traditional finance and blockchain technology, this integration offers businesses a way to effortlessly integrate tokenized treasuries into their operations.
Why OUSG is a Fit for Businesses
OUSG is more than just a tokenized representation of short-term US Treasuries. It is the first composable onchain treasury asset that offers key advantages such as:
- Lower minimums and fees compared to traditional investment options.
- 24/7 instant investment and redemption, giving businesses unprecedented control over their liquidity.
- Daily interest distributions, ensuring consistent and predictable returns.
Most of OUSG’s assets are secured by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), as well as high-quality short-term US Treasuries and GSE funds from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital, providing institutional-grade stability and reliability. With its integration into MTN, OUSG enables participants to optimize their cash management strategies and unlock flexible new opportunities for working capital, trade finance, and other liquidity needs.
Building a 24/7 Financial Ecosystem
Mastercard’s vision for MTN is to create a comprehensive infrastructure for secure, scalable digital transactions. This includes applications ranging from cross-border settlements to tokenized liquidity management, making it an ideal platform for the integration of OUSG. Businesses leveraging MTN can now experience complete cash management freedom, backed by real-world assets, without the friction of traditional financial systems.
The Future of Capital Markets is Onchain
Ondo’s incorporation into Mastercard’s MTN signals a significant step forward for both digital and traditional finance. By combining the security and efficiency of Mastercard’s infrastructure with the flexibility and yield potential of Ondo’s tokenized assets unlocked by Ondo’s web3-native approach to finance, this relationship can redefine how businesses manage liquidity on a global scale.
To learn more about Ondo Finance and OUSG, visit the OUSG page. To learn more about Mastercard’s MTN, head here.