ONDO Finance Launches Tokenized Treasuries on XRP Ledger
The post ONDO Finance Launches Tokenized Treasuries on XRP Ledger appeared on BitcoinEthereumNews.com.
ONDO Finance has launched a tokenized US Treasuries fund on the XRP Ledger. Institutional investors now have 24/7 access to real-world assets via RLUSD. BlackRock’s BUIDL fund backs ONDO Finance’s OUSG. The XRP Ledger’s push into real-world asset (RWA) tokenization is gaining serious momentum, as the decentralized platform ONDO Finance has now officially launched its tokenized U.S. Treasuries fund, OUSG, on the network. The move, which follows a similar institutional partnership with Guggenheim, solidifies the XRPL’s growing status as a preferred hub for tokenized traditional finance. According to reports, the latest development will allow institutional investors round-the-clock access to the trusted real-world asset via RLUSD. Hence, the novel technology has created a new frontier in digitized finance. ONDO Brings Its BlackRock-Backed Treasuries to the XRP Ledger Ripple confirmed the strategic collaboration with ONDO Finance in its latest post on X, highlighting that BlackRock’s BUIDL fund backs ONDO Finance’s OUSG. The fintech company confirmed the development as a new era for on-chain finance, noting that the tokenized asset is mintable and redeemable in RLUSD. XRP Ledger’s Institutional-Grade Features Attract Major Players In an official blog post, Ripple further detailed why the XRPL’s native support and enterprise-ready features make it an ideal platform for tokenizing traditional assets like US Treasuries. The firm cited the XRPL’s built-in decentralized exchange (DEX) and Decentralized Identifiers (DIDs) as crucial elements enabling the platform to provide the compliance-first infrastructure that institutions require. It is worth noting that the XRPL recently allied with US investment manager Guggenheim, with plans to launch the Guggenheim Treasury Services’ US Treasury-backed asset on the XRPL. Analysts consider the move, in conjunction with the latest XRPL collaboration with ONDO Finance, proof of the innovation’s leadership in tokenization. Dive Deeper: Guggenheim Subsidiary Launches a Moody’s Top-Rated Debt Instrument on the XRP Ledger XRP Price…
Filed under: News - @ June 11, 2025 10:25 am