The tokenized offering of $185M US Treasury by Ondo Finance lands on XRP Ledger
The post The tokenized offering of $185M US Treasury by Ondo Finance lands on XRP Ledger appeared on BitcoinEthereumNews.com.
Ondo Finance launches the tokenized offering OUSG on XRP Ledger, allowing 24/7 settlements and immediate access for institutional investors. An important step in the growth of the tokenization of real-world asset bull. Let’s see all the details in this article. OUSG di Ondo Finance arrives on XRP Ledger: what will change? Ondo Finance, a platform specialized in the tokenization of real-world assets (RWA), announced the launch of its 185 million dollar US Treasury token, OUSG, on Ripple’s XRP Ledger network. This initiative represents an important step forward in the integration between traditional finance and blockchain, offering institutional investors greater flexibility and accessibility. OUSG allows qualified investors to mint and redeem tokens 24/7 using Ripple’s RLUSD stablecoin. This function removes the limits imposed by traditional trading hours and slow settlement procedures, revolutionizing the way investors manage capital. According to Ondo Finance, the implementation on the XRP Ledger network will be completed within the next six months. The tokenizzazione degli asset del mondo reale è emersa come una delle tendenze più promettenti del settore finanziario. This process allows for the representation of traditional financial assets such as bonds, credits, and funds on the blockchain, improving efficiency and reducing costs compared to traditional methods. The tokenized U.S. Treasury securities, in particular, have been the protagonists of an exponential growth. According to recent data from rwa.xyz, this asset class has quadrupled its value in the last 12 months, reaching a market capitalization of 3.5 billion dollars. The inclusion of OUSG on the XRP Ledger network only consolidates this trend, adding new opportunities for institutional investors. OUSG: innovation and accessibility for institutional investors OUSG, the Ondo Short-Term US Government Treasuries token, is supported by the USD Institutional Digital Liquidity Fund (BUIDL) of BlackRock. This support guarantees a high level of security and reliability, making OUSG…
Filed under: News - @ January 28, 2025 7:20 pm