Mastercard is announcing a new partnership with Ondo Finance (ONDO) that will see the project join the credit card giant’s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets.
Mastercard is continuing to build out its Multi-Token Network (MTN) with a new partnership. This time, the credit card giant is joining forces with Ondo Finance (ONDO).
In a new press release, Mastercard says it has invited the real-world asset (RWA) tokenization protocol to join its MTN, a private blockchain that links commercial banks and digital assets. Mastercard says it's keen to integrate blockchain technology into its ecosystem because the firm believes the technology will be key to the future of business-to-business transactions thanks to its efficiency.
“Blockchain technology has the potential to transform the way businesses pay one another. Even in 2025, the complex work of settling the world’s 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.”
Ondo's chief strategy officer, Ian De Bode, also told Mastercard in an interview that tokenizing traditional assets such as gold and securities and allowing them to be traded over blockchains would allow investors to escape the limited framework of traditional finance.
“When 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.
You can do that without centralized counterparties. You’re not reliant on the infrastructure of traditional financial services, which do not work 24/7 and tend to be pretty siloed.”
De Bode went on to predict that "we will see tokenized stocks, ETFs (exchange-traded funds) and the ability to borrow against them on-chain" faster than most people might think.
ONDO is currently trading for $0.967, a 1.8% decrease during the last 24 hours.
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