Just In: Ondo Finance Brings Tokenized US Treasuries To XRP Ledger (XRPL)

In a major development, Ondo Finance has successfully integrated tokenized US Treasuries to the XRP Ledger (XRPL). The DeFi platform’s OUSG, a tokenized short-term US Treasuries fund, is now live on the XRP Ledger. This strategic partnership enables 24/7 institutional access to the trusted real-world asset via RLUSD. Is this the dawn of a new era in digitized finance?

Ondo Finance’s OUSG Now Live on XRPL

Ripple, via its latest X post, announced the strategic collaboration with Ondo Finance, a decentralized finance (DeFi) platform. Backed by BlackRock’s $BUIDL fund, OUSG offers institutions 24/7 access to mint and redeem assets using RLUSD stablecoin. Ripple wrote on its official X page, “Tokenized U.S. Treasuries are now live on XRPL.”

In its official blog post, Ripple claims that the XRP Ledger is ideal for tokenizing traditional assets like treasuries due to its native support and enterprise-ready features. The platform noted, “With its native support for tokenization, built-in decentralized exchange (DEX), and enterprise-ready features such as Decentralized Identifiers (DIDs), XRPL provides the compliance-first infrastructure institutions require.”

This development comes closely following XRPL’s alliance with Guggenheim, a US investment manager. The deal envisions the launch of Guggenheim Treasury Services’ US Treasury-backed asset on the XRPL. This move, coupled with the Ondo Finance collaboration, underscores XRPL’s leadership in tokenization.

Ondo Finance and XRPL: A New Era for Tokenized Treasuries

Ondo Finance remains a leader in tokenizing real-world assets, boasting over $1.3 billion in total value locked (TVL). The firm’s OUSG product, with $670 million TVL, is a market leader in tokenized treasuries.

Ondo Finance’s January 2025 announcement to launch a tokenized fund on XRPL within six months has materialized, with the product now live on the XRPL. According to Ondo, “This integration establishes an avenue for institutional DeFi and advanced cash management solutions, bringing DeFi and traditional finance closer than ever.”

Driven by this major collaboration, Ondo Finance’s ONDO token has gained over 3% in a day, hitting $0.8945. The trading volume has also surged by 16.8% to $131.73 million.

It is noteworthy that the XRP Ledger and Ripple have seen a series of developments in recent days. In addition to major collaborations, the XRPTurbo’s remarkable growth is also a significant milestone for the platform. Despite these moments, the XRP price remains red. The token hasn’t seen much appreciation during this period. At press time, XRP is valued at $2.28, down 0.3%.

Commenting on this stagnant position of XRP, pro-crypto attorney Bill Morgan posited that the constant stream of positive news hasn’t translated to a significant surge in XRP’s price. He stated, “This endless good news is just flattening XRP’s price.”