Ondo Finance is joining forces TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America Ripple to introduce its tokenized U.S. Treasury fund, OUSG, onto Ripple’s XRP Ledger blockchain. This initiative seeks to accelerate the utilization of real-world assets (RWAs) within the XRP Ledger environment.
The strategy encompasses incorporating Ripple’s RLUSD stablecoin with OUSG on the XRP Ledger for effortless exchanges. Both Ripple and Ondo have obtained pledges to furnish liquidity for the tokenized fund’s debut.
Ondo emphasizes that OUSG’s continuous minting and redemption functionalities will improve availability. By introducing OUSG to XRPL, Ondo Finance intends to furnish institutions with immediate access to institutional-caliber assets, presenting extensive on-chain accessibility and revolutionizing their engagement with tokenized assets for financial administration.
OUSG is supported by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). Ondo anticipates this expansion will motivate institutions to embrace compliant decentralized finance (DeFi) offerings, drawing in investors pursuing DeFi returns while profiting from tokenization.
The partnership between Ondo Finance (ONDO) and Ripple (XRP) delivers institutional-grade products to XRPL. Ondo Finance, backed by Founders Fund and Pantera Capital, revealed on January 28 that OUSG is anticipated to debut on the XRP Ledger within the upcoming six months.
The tokenized real-world asset sector has experienced substantial expansion in the previous year, with key participants like BlackRock, Franklin Templeton, and Hashnote assuming essential roles. Ondo’s product contributes to this market, which presently surpasses $3.5 billion.
Following Ripple’s declaration of intentions to infuse a maximum of $10 million into tokenized US Treasury bonds on the XRPL, Ondo has initiated the introduction of OUSG into the Ripple environment. Ripple has additionally collaborated with OpenEden, a prominent Asian tokenization platform, to inaugurate the TBILL token on the XRP Ledger. Toncoin (TON) Value Forecast for March 26th
