Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
The Coin Rise 2025-01-28 20:34:23

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

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 .

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
533
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.