Mastercard announces a new partnership with Oondo Finance (ONDO) that will witness the project to join the Multi-Token Network (MTN) of Blockchain company that links commercial banks and digital assets.
In a new press release, MasterCard He says It joins the asset icon protocol in the real world (RWA) because the company believes that Blockchains is the future of commercial transactions to business because of its efficiency.
“Blockchain technology has the ability to convert the way companies pay each other. Even in 2025, complex work to settle commercial transactions in the world sometimes requires waiting for several days as banks continue and synchronize their accounts with each other. On the other hand, Blockchains can process transactions and quickly settle them at any time of the day, and any day of the week.”
Ian de Body, the chief strategy official in Oondo, told Mastercard in an interview that the repetition of traditional assets such as gold and securities and allowing them to trade Blockchains will allow investors to escape from the limited framework for traditional financing.
“When you put a traditional origin, such as investment safety, on Blockchain, you can enable transactions around the clock, and you can combine them into smart contracts.
You can do this without the central opposite parties. You do not depend on the infrastructure of traditional financial services, which do not work around the clock throughout the week and tend to be beautiful. ”
De Bode goes on to predict that “we will see the distinctive stocks and investment funds circulating (the traded boxes on the stock exchange) and the ability to borrow against it on the series” faster than most people believe.
Oondo is trading for $ 0.967 at the time of writing this report, by 1.8 % over the past 24 hours.
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