Ondo Finance Now Tokenizing OUSG on XRP Ledger
The post Ondo Finance Now Tokenizing OUSG on XRP Ledger appeared on BitcoinEthereumNews.com.
Key Notes Ondo Finance’s OUSG has gone live on XRP Ledger in a bullish tokenization move. This move expands institutional investors’ access to a credible, institutional-grade RWAs onchain. Before now, Ondo Finance has had a functional partnership with WLFI on tokenization. Ondo Finance’s Ondo Short-Term US Government Treasuries (OUSG) recently went live on the XRP Ledger (XRPL). This marks a significant milestone for the company, especially towards tokenization. It also expands its institutional investors’ access to a credible, institutional-grade Real World Assets (RWA) onchain. Bringing OUSD to XRPL On Wednesday, June 11, blockchain payment firm Ripple Labs announced the new development, noting that it provides institutional access to minting and redemptions via its enterprise-grade stablecoin, RLUSD. It is worth noting that Ondo Finance has been in the tokenization niche for quite a while. Tokenized U.S. Treasuries are now live on XRPL: https://t.co/78aGRHlSYC@OndoFinance’s $OUSG, backed by BlackRock’s $BUIDL fund, unlocks 24/7 institutional access—mintable and redeemable using $RLUSD. This is a new era for onchain finance. — RippleX (@RippleXDev) June 11, 2025 OUSG was the first tokenized security to achieve material adoption. It boasts more than $670 million in Total Value Locked (TVL), which has made it one of the largest tokenized treasury products in the market. Per market data, it ranks as one of the top RWA offerings alongside those from BlackRock and Franklin Templeton. By design, OUSG offers lower fees, instant transactions, and daily interest payouts. Most of its assets are held in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). It also has other investments from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital. It prides itself on being the first on-chain peer-to-peer transferable fund. In February, Ondo Finance announced its plan to become the first provider to bring tokenized RWAs to Mastercard’s Multi-Token Network (MTN). This would allow…
Filed under: News - @ June 11, 2025 10:28 am