Ripple’s Stablecoin Enables Ondo’s $670M Tokenized Treasury Access on XRPL
Ondo Finance has launched its tokenized U.S. Treasury product, OUSG, on the XRP Ledger (XRPL). The move follows a joint report by Ripple and Boston Consulting Group, which predicts a $19 trillion tokenized asset market by 2033.OUSG is one of the largest tokenized U.S. Treasury products, with over $670 million in total value locked. It now allows Qualified Purchasers to subscribe and redeem tokens on XRPL using RLUSD, Ripple’s new stablecoin. This process works around the clock, bypassing traditional banking hours.XRP Ledger Enables Institutional Tokenized TreasuriesThe XRP Ledger has several features aimed at institutional use. These include built-in support for tokenization, a decentralized exchange, and compliance tools like Decentralized Identifiers. Ripple and Ondo are also providing liquidity to support early adoption.
Ondo Finance has launched its tokenized U.S. Treasury product, OUSG, on the XRP Ledger (XRPL). The move follows a joint report by Ripple and Boston Consulting Group, which predicts a $19 trillion tokenized asset market by 2033.
OUSG is one of the largest tokenized U.S. Treasury products, with over $670 million in total value locked. It now allows Qualified Purchasers to subscribe and redeem tokens on XRPL using RLUSD, Ripple’s new stablecoin. This process works around the clock, bypassing traditional banking hours.
XRP Ledger Enables Institutional Tokenized Treasuries
The XRP Ledger has several features aimed at institutional use. These include built-in support for tokenization, a decentralized exchange, and compliance tools like Decentralized Identifiers. Ripple and Ondo are also providing liquidity to support early adoption.
