Ripple has brought Ondo Finance’s tokenized US Treasuries product, Ondo Short-Term US Government Treasuries (OUSG), to the XRP Ledger.
The launch was announced on June 11 and is seen as a move to expand the reach of institutional-grade tokenized assets across the fast-rising blockchain network.
According to the statement, the integration allows institutional investors to mint and redeem OUSG on XRPL using RLUSD, Ripple’s new stablecoin. This offers an alternative to traditional finance rails by enabling seamless access to tokenized Treasury exposure around the clock.
At the same time, Ripple and Ondo have also committed liquidity to ensure the product launches with strong trading activity on XRPL. RLUSD will act as a key enabler for cross-network utility and settlement.
OUSG provides permissioned on-chain access to short-term US Treasury yields. According to RWA. XYZ data, the platform currently ranks among the largest tokenized…
