Mastercard has announced a new collaboration with Ondo Finance (ONDO) to become part of the credit card giant’s Multi-Token Network (MTN), a blockchain that connects commercial banks and digital assets.
According to a recent press release from Mastercard, the company is partnering with the real-world asset (RWA) tokenization protocol because they believe that blockchains are the future of business-to-business transactions due to their efficiency.
“Blockchain technology has the potential to revolutionize the way businesses conduct transactions. In 2025, the process of settling global business transactions can often involve delays as banks coordinate and reconcile their accounts. However, blockchains have the capability to swiftly process and settle transactions at any time, on any day of the week.”
In an interview with Mastercard, Ondo’s chief strategy officer, Ian De Bode, expressed that tokenizing traditional assets like gold and securities for trading on blockchains will provide investors with more flexibility compared to traditional finance systems.
“By tokenizing traditional assets, such as investment securities, on the blockchain, transactions can occur around the clock and be integrated into smart contracts without the need for centralized parties. This eliminates reliance on the limited infrastructure of traditional financial services, which operate within set hours and are often isolated.”
De Bode predicts that the ability to trade tokenized stocks, ETFs, and borrow against them on-chain will become a reality sooner than expected.
At the time of writing, ONDO is trading at $0.967, representing a 1.8% decrease in the last 24 hours.
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