XRP Ledger Launches Tokenized US Treasuries with Ondo Finance Partnership
Ondo Finance is launching tokenized US Treasuries, called Ondo Short-Term US Government Treasuries (OUSG), on the XRP Ledger. This initiative targets institutional investors and is backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). OUSG can be bought or redeemed at any time using Ripple USD.
- OUSG is compliant with KYC and AML standards and is backed by short-term US Treasuries.
- The XRP Ledger provides efficient liquidity and seamless digital asset transactions.
- OND and RLUSD enhance secure liquidity options for institutions, simplifying portfolio management.
- Markus Infanger from RippleX highlighted 24/7 transaction settlement as a significant improvement over traditional trading hours.
- Predictions suggest the tokenized market could reach $16 trillion by 2030, driven by growing demand for tokenized US Treasuries.
Ripple's ongoing investment in tokenized assets includes collaboration with OpenEden’s TBILL to boost OUSG liquidity. Despite criticisms regarding potential manipulation of the XRPL, Ripple emphasizes its consensus algorithm and reduced compensation for validators to mitigate risks.