Ondo Finance has introduced its short-term US Treasury token, OUSG, on the XRP Ledger (XRPL), as announced on Ripple’s official blog on June 11. This launch represents a significant advancement in tokenized treasury products, offering 24/7 subscription and redemption capabilities through Ripple’s robust stablecoin, RLUSD. The integration underscores the growing adoption of institutional-grade real-world asset (RWA) solutions within the crypto ecosystem.
The total value locked (TVL) in OUSG has surged to an impressive $670 million, reflecting strong institutional confidence and liquidity. This development aligns Ondo Finance alongside prominent financial entities like BlackRock and Franklin Templeton, which have also embraced tokenized assets. The move highlights the increasing convergence between traditional finance and blockchain technology, enhancing market efficiency and accessibility for institutional investors.