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Ripple and Ondo Finance have launched the first-ever tokenized U.S. Treasuries on the XRP Ledger (XRPL), marking a significant advancement in on-chain institutional finance.
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This innovative product, Ondo’s OUSG, backed by BlackRock’s BUIDL fund, offers 24/7 access and seamless minting and redemption via the RLUSD stablecoin, enhancing liquidity and market efficiency.
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According to RippleX, “This is a new era for onchain finance,” highlighting the growing adoption of tokenized real-world assets on XRPL.
Ripple and Ondo Finance launch OUSG tokenized U.S. Treasuries on XRPL, unlocking institutional access and liquidity with RLUSD stablecoin settlement.
Ondo Finance’s OUSG Token Launches on XRP Ledger, Revolutionizing Institutional Access to U.S. Treasuries
On June 11, Ripple officially announced the launch of Ondo Finance’s Ondo (OUSG) short-term U.S. government treasuries on the XRP Ledger, a milestone that transitions tokenization from concept to practical application. This launch enables qualified purchasers and institutions to mint and redeem OUSG tokens seamlessly using the RLUSD stablecoin, which acts as a settlement asset on XRPL. The collaboration between Ripple and Ondo Finance ensures robust liquidity and cross-market utility, positioning XRPL as a premier platform for compliant, institutional-grade tokenized finance.
Expanding Real-World Asset Tokenization with XRPL and Ondo Finance
Ondo Finance is at the forefront of real-world asset (RWA) tokenization, managing over $1.3 billion in total value locked (TVL) across platforms. The introduction of OUSG on XRPL, with a TVL exceeding $670 million, exemplifies the growing maturity and adoption of tokenized securities. This development aligns with forecasts from Ripple and Boston Consulting Group, which project the tokenization market to reach $19 trillion by 2033. RippleX Senior Vice President Markus Infanger emphasized that OUSG’s launch on XRPL signals the transition of tokenized finance from theoretical frameworks to tangible market instruments, reinforcing XRPL’s role as a hub for institutional finance innovation.
Market Impact and Future Outlook for Tokenized U.S. Treasuries on XRPL
The launch of OUSG has already influenced market dynamics, with XRP’s price experiencing a modest increase, currently trading around $2.29. The availability of tokenized U.S. Treasuries on XRPL provides investors with enhanced liquidity, transparency, and 24/7 access to a traditionally static asset class. This innovation is expected to attract further institutional participation and foster the development of additional tokenized financial products. Furthermore, Guggenheim Treasury Services’ recent introduction of Digital Commercial Paper on XRPL complements this trend, underscoring the platform’s expanding ecosystem for real-world asset tokenization.
Conclusion
The successful launch of Ondo Finance’s OUSG token on Ripple’s XRP Ledger represents a pivotal advancement in bridging traditional finance and blockchain technology. By enabling efficient, compliant, and accessible tokenized U.S. Treasuries, this initiative sets a precedent for future real-world asset tokenization efforts. As XRPL continues to attract institutional-grade projects, the platform is poised to become a cornerstone of the evolving digital financial infrastructure, offering investors innovative tools to optimize asset management and liquidity.
