Ondo Finance, a tokenised real-world asset (RWA) issuer, is bringing tokenised US Treasuries to the XRP Ledger (XRPL), expanding the breadth of institutional-grade products onchain.
Through this collaboration, institutional investors will gain access to Ondo Short-Term U.S. Government Treasuries (OUSG), backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which can be instantaneously minted and redeemed 24/7 using Ripple USD (RLUSD), an enterprise-grade, USD-denominated stablecoin.
Ripple and Ondo have secured commitments to seed OUSG liquidity upon initial deployment, driving further adoption of tokenised RWAs on the XRPL. This is an expansion of Ripple’s investments in tokenised U.S. Treasuries, building on its initial investment in OpenEden’s TBILL.
Tokenised US Treasuries like OUSG have seen exponential growth, driven by institutional demand for liquidity,…
