- Ondo Finance will launch its OUSG fund on the XRP Ledger.
- The partnership with Ripple expands accessibility to tokenized US Treasuries funds to institutional traders.
- Ripple launched OpenEden’s TBILL on XRPL in August final 12 months.
Tokenized real-world belongings platform Ondo Finance is about to carry its U.S. Treasury token OUSG to Ripple’s enterprise-focused community XRP Ledger.
Ondo Finance and Ripple shared the mixing information on Tuesday, Jan. 28.
The launch will develop entry to tokenized US Treasuries to institutional traders, with BUIDL-backed Ondo Quick-Time period U.S. Authorities Treasuries (OUSG) offering 24/7 minting and redemption through Ripple’s stablecoin RLUSD.
Ripple and @OndoFinance are bringing OUSG, tokenized U.S. Treasuries to the XRP Ledger.
With 24/7 minting & redemption utilizing RLUSD, unmatched liquidity, and institutional-grade safety, learn the way this partnership marks a significant step ahead for onchain RWAs.… pic.twitter.com/0T3mXGSxbW
— RippleX (@RippleXDev) January 28, 2025
Ondo’s enlargement of OUSG on XRPL follows Ripple’s RWA transfer that introduced OpenEden’s TBILL to the community in August 2024.
“This integration is the natural convergence of a compliance-first, yield-bearing product with a network purpose-built for institutional adoption, setting the groundwork for forward-thinking institutions to lead a new era of capital markets onchain,” Ondo Finance vp of partnerships Katie Wheeler famous.
A $3.5 billion market
Ripple and Ondo Finance’s collaboration provides additional traction to the RWA and particularly, tokenized US Treasuries market. The sector has witnessed super progress previously 12 months, with the market now at $3.5 billion.
Ondo Finance’s OUSG presently has a market cap of over $185 million.
In the meantime, the platform’s different US Treasuries providing, the U.S. Greenback Yield has over $384 million in complete worth locked. Per rwa.xyz, BlackRock’s BUIDL and Franklin Templeton’s FOBXX are the highest two with over $600 million and $509 million respectively.
OpenEden’s TBILL, out there on XRPL, has a market cap of simply over $82 million.