JPMorgan, Mastercard, and Ripple successfully settled a tokenized US Treasury on the XRP Ledger in under five seconds, causing a significant spike in ONDO's price. The transaction, executed outside banking hours, saw ONDO surge to $0.488 before retreating to $0.417. This move broke through all four exponential moving averages (EMAs) on the daily chart for the first time since October 2025, signaling a potential end to a six-month downtrend. The settlement involved Mastercard's Multi-Token Network routing instructions to JPMorgan's Kinexys platform, which delivered US dollars to Ripple's Singapore bank account. This rapid transaction bypassed the typical one to three business days required for cross-border banking. The event, coupled with Ondo's inclusion in DTCC's tokenization working group, has driven increased network activity, with daily active addresses reaching 3,200 on May 8, the highest in 30 days.