- Ondo Finance has launched its tokenized US Treasuries product OUSG, on the XRP Ledger.
- The integration enables institutions to mint and redeem assets using the RLUSD stablecoin at any time.
- XRP Ledger supports tokenization and features a built-in decentralized exchange and enterprise-grade compliance tools.
Ondo Finance has successfully launched its tokenized US Treasuries product, OUSG, on the XRP Ledger (XRPL). This development introduces real-world assets to XRPL, enhancing its DeFi infrastructure. The integration provides institutional users with uninterrupted access to tokenized short-term US Treasuries through RLUSD.
The launch aligns with Ripple’s push to expand XRPL’s utility beyond digital payments. By adding real-world assets, XRPL strengthens its enterprise appeal. The move also confirms Ondo Finance’s January 2025 commitment to activate its fund within six months.
Ripple and Ondo Finance executed this strategic collaboration to enable faster and more secure asset management. The integration allows institutions to mint and redeem tokenized US Treasuries 24/7. Additionally, users can access these assets directly via the XRPL network.
OUSG Goes Live on XRP Ledger (XRPL)
OUSG, a tokenized short-term US Treasuries fund, now operates on the XRP Ledger, fulfilling a major development milestone. RLUSD, a stablecoin linked to real assets, facilitates round-the-clock transactions for institutional clients. The integration boosts the credibility and utility of XRPL in institutional finance.
Ondo Finance has already secured over $1.3 billion in total value locked across its platform. Its OUSG fund accounts for $670 million, making it a market leader in tokenized US Treasuries. This rollout on XRPL further cements its position in the real-world asset tokenization sector.
The XRP Ledger supports native tokenization, making it a fitting choice for scalable and compliant financial applications. Features such as Decentralized Identifiers (DIDs) and an integrated decentralized exchange enhance its enterprise functionality. XRPL now offers a robust framework for bridging traditional and decentralized finance.
XRPL Expands with Strategic Collaborations
Ripple announced the collaboration with Ondo Finance on its official X page, showcasing XRPL’s continued push into institutional-grade finance. The integration of tokenized treasuries strengthens XRPL’s infrastructure and positions it as a leader in tokenized real-world assets. This follows Ripple’s previous agreement with Guggenheim Treasury Services.
The recent collaboration signals XRPL’s growing list of strategic partnerships in traditional finance. These deals indicate broader acceptance of blockchain in asset management. They also show how XRPL continues to attract trusted financial entities to its network.
Despite ongoing developments, XRP’s market price remains mostly unchanged. As of now, XRP trades at $2.28, reflecting a slight drop of 0.3%. However, ONDO rose 3.2% to $0.8945, with its trading volume increasing by 16.8%.
Source: https://coincu.com/342637-ousg-goes-live-on-xrp-ledger-xrpl/