The post Ondo Finance Launches Tokenized U.S. Treasury Offering OUSG on XRP Ledger appeared on BitcoinEthereumNews.com.

Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand its offerings for institutional investors. The token, backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), allows qualified investors to mint and redeem tokens quickly using Ripple’s RLUSD stablecoin. The deployment is expected to go live within the next six months. This partnership bridges traditional finance with the blockchain space. The OUSG token on the XRP Ledger is backed by short-term US Treasuries and complies with regulatory standards, including KYC and AML. The XRP Ledger’s efficient and scalable infrastructure ensures easy access to liquidity and smooth digital asset transactions. Source: https://coinpedia.org/crypto-live-news/ondo-finance-launches-tokenized-u-s-treasury-offering-ousg-on-xrp-ledger/

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Filed under: News - @ January 29, 2025 2:25 am