Ondo Finance has launched its flagship tokenized U.S. Treasuries product, OUSG, on the XRP Ledger, marking a major step forward in institutional-grade decentralized finance.
According to a June 11 announcement on Ripple’s blog, qualified purchasers can now mint and redeem OUSG tokens around the clock using the RLUSD stablecoin as the settlement asset. OUSG, short for Ondo (ONDO) Short-Term U.S. Government Treasuries, provides exposure to low-risk, short-duration Treasury bills via tokenized money market funds.
With more than $670 million in total value locked across chains and $30 million already on XRP (XRP) Ledger, it’s one of the largest tokenized Treasury products in the market. Institutional users looking for on-chain finance liquidity, speed, and compliance can now access OUSG on XRPL.
Unlike conventional financial rails, which are limited by slow settlement cycles and banking hours, XRPL enables…
