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The Coin Rise 2025-01-28 20:34:23

Ondo Finance Unveils Tokenized U.S. Treasuries on XRP Ledger

Ondo Finance , a leading issuer in the tokenized real-world asset (RWA) space, has collaborated with XRP Ledger (XRPL) to launch tokenized U.S. Treasuries. This marks a significant achievement as it expands the scope of institutional-grade products onchain. XRP Ledger, Bridging Traditional Finance with Blockchain The partnership allows institutional investors to access Ondo Short-Term U.S. Government Treasuries (OUSG). This OUSG is supported by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which can be minted in real time. Additionally, it is redeemable round the clock via Ripple USD (RLUSD). As such, there have been restrictions on traditional financial hours of operation. The development is part of Ripple’s expansionary move into tokenized U.S. Treasuries. Ripple and Ondo will seed OUSG liquidity after its initial deployment. The aim is to drive further adoption of tokenized RWAs on the XRP Ledger, and as part of the offering, OUSG will allow investors access to a low-risk investment option. There has been a surge in tokenized U.S. Treasuries, such as OUSG growth, due to institutional demand for liquidity and transparency in the capital market. Tokenized Asset Market Poised for Explosive Growth The tokenized asset market could see its growth explode by 2030, per the prediction. This sector could hit over $600 billion in valuation in its asset under management (AUM) in the next five years. RWA tokenization could grow to capture 1% of the global mutual fund and ETF market before 2035. XRPL appears poised to leverage its advantage to welcome institutional players with their traditional financial assets onchain. With its unique offering of verifiable trust, improved security, and opportunities to generate revenue, XRPL is the perfect partner for Ondo and other institutional players. Is the Collaboration Behind XRP’s Boost? As reported by Coinrise, OpenEden also unveiled tokenized U.S. Treasury bills on the XRP Ledger in August last year. The move signaled a milestone for integrating traditional financial assets with blockchain technology. Analysts expect the collaboration between Ripple and Ondo to impact the utility of XRP, the native currency. As of this writing, XRP has registered a 7.01% increase to $3.17 in the last 24 hours. This leaves XRP less than 20% away from flipping its all-time high of $3.84 in 2018. The post Ondo Finance Unveils Tokenized U.S. Treasuries on XRP Ledger appeared first on TheCoinrise.com .

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