Ondo Finance launches tokenized U.S. Treasuries on XRP Ledger

Ondo Finance has launched its flagship tokenized U.S. Treasuries product, OUSG, on the XRP Ledger, marking a serious step ahead in institutional-grade decentralized finance.

In keeping with a June 11 announcement on Ripple’s weblog, certified purchasers can now mint and redeem OUSG tokens across the clock utilizing the RLUSD stablecoin because the settlement asset. OUSG, quick for Ondo (ONDO) Quick-Time period U.S. Authorities Treasuries, supplies publicity to low-risk, short-duration Treasury payments through tokenized cash market funds. 

With greater than $670 million in complete worth locked throughout chains and $30 million already on XRP (XRP) Ledger, it’s one of many largest tokenized Treasury merchandise out there. Institutional customers searching for on-chain finance liquidity, velocity, and compliance can now entry OUSG on XRPL. 

Not like standard monetary rails, that are restricted by gradual settlement cycles and banking hours, XRPL allows the real-time issuance and redemption of OUSG utilizing RLUSD. This characteristic is engaging to establishments that function throughout jurisdictions, because it improves capital effectivity, decreases idle money buffers, and facilitates faster money move administration.

Ripple and Ondo have dedicated liquidity to jumpstart exercise, serving to RLUSD function a steady bridge for real-world asset settlements on XRPL. Markus Infanger, the senior vice chairman of RippleX, acknowledged that the launch represents a transfer in tokenized finance from idea to apply. 

 “Ondo’s OUSG going dwell on the XRPL demonstrates that tokenized finance is now not theoretical, it’s maturing in actual markets. Establishments can now entry high-quality property like U.S. treasuries on public blockchains, with the compliance and effectivity they want.”

— Markus Infanger, SVP of RippleX

XRPL is an appropriate platform for asset-backed tokens due to its native help for tokenization, decentralized change options, and identification requirements. Future community options like multipurpose tokens, a lending protocol, and permissioned domains present a rising institutional focus.

OUSG’s rollout on XRPL comes after its launch on Ethereum (ETH) and Solana (SOL), placing the product ready to succeed in much more institutional customers. The market is creating shortly, with over $7 billion in tokenized Treasuries TVL worldwide.

Because of its tokenization efforts, Ondo Finance was featured in World Financial Discussion board’s Might 21 report, demonstrating its position in selling adoption.