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Crypto
Ripple, JPMorgan and Mastercard complete pilot transaction linking XRP Ledger to bank payment network
Ripple, JPMorgan, Mastercard and Ondo Finance completed a pilot transaction linking the XRP Ledger (XRPL) with existing bank payment infrastructure. The pilot showed tokenised financial assets can be settled using both blockchain and traditional financial networks. Ondo Finance said the deal handled redemption of tokenised U.S. Treasuries and U.S. dollar settlement seamlessly across different systems. Ripple called it progress toward a 24/7 global financial market. Market participants viewed it as a sign of XRPL’s institutional use potential.
Crypto
South Korea financial regulators to check crypto exchange user assets every five minutes
South Korea\'s financial authorities will build an always-on system to monitor user assets at digital asset exchanges and sharply strengthen internal controls to financial-institution standards. The steps follow a recent mistaken payment incident at Bithumb and aim to fix structural problems and restore market trust. Regulators will require five-minute balance reconciliations, set automatic trade blocks for large discrepancies, shorten external audit checks to monthly from quarterly and expand disclosures.
Crypto
Row over Ripple Treasury listing as SWIFT partner raises questions on \'direct\' XRP link
A debate has emerged after Ripple Treasury, formerly G Treasury, was listed as a SWIFT certified partner, prompting claims that XRP is directly connected to SWIFT. The issue began with a post by crypto analyst Chad Steingraber showing the listing and citing Alliance Lite2 and SWIFTRef functions. The article says the listing points to SWIFT messaging connectivity rather than direct protocol-level integration between SWIFT and the XRP Ledger.
