Ripple & Ondo Finance To Bring Tokenized Treasury OUSG To XRP Ledger (XRPL)
Highlights
- Ripple and Ondo Finance partners to bring Tokenized US Treasury Fund, OUSG, to XRPL.
- Ondo Finance plans to deploy OUSG to XRPL within the next six months.
- This introduction is likely to boost institutional reach and liquidity for OUSG.
- ONDO price soared 5% following the announcement while XRP price soared 8%.
The leading tokenized real-world asset (RWA) platform, Ondo Finance taps Ripple to bring its tokenized US Treasury fund OUSG to XRP Ledger (XRPL). This development has created a buzz in the broader crypto market, especially amid the soaring popularity of real-world asset (RWA) tokens. Besides, it also showcases the firm’s confidence in XRPL to increase its institutional reach.
Ripple & Ondo Finance Brings OUSG To XRPL
In a recent Ondo Finance blog, the leader in tokenized real-world assets (RWA) said that it is deploying its flagship product, OUSG, on XRPL within six months. OUSG is backed by tokenized US Treasuries and BlackRock’s BUIDL fund, offering investors a secure, compliant, and yield-oriented solution. Ondo Finance said that the XRPL introduction is likely to boost the institutional reach towards OUSG.
Notably, this deployment underscores XRPL’s focus on institutional finance. With features like Decentralized Identifiers (DIDs) and on-chain credential management, XRPL is built to meet stringent regulatory standards. Ondo Finance stated that the partnership will redefine institutional DeFi by providing seamless access to compliant RWAs.
How Will XRPL Benefit OUSG?
The introduction of OUSG to XRPL opens new doors for institutional-grade liquidity and security. According to the latest announcement, the key benefits are:
- 24/7 Liquidity: Investors can mint and redeem OUSG using Ripple’s RLUSD stablecoin anytime, offering unmatched financial flexibility.
- Compliance & Security: OUSG integrates strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring regulatory adherence.
- Enhanced Ecosystem: Backed by high-quality US Treasuries, OUSG aligns with XRPL’s infrastructure, providing institutions with low-risk, efficient portfolio management options.
This integration also boosts XRPL’s reputation as a hub for tokenized assets, reflecting Ondo Finance’s confidence in Ripple’s network.
Ripple & XRPL In Focus
Notably, this announcement comes as Ripple has made headlines recently with its recent developments. For context, the launch of Ripple stablecoin RLUSD has made headlines in the crypto market, while a flurry of experts sees this as a major milestone for the blockchain firm. In addition, recently Ripple acquired Money Transmitter Licenses in New York and Texas, which has further fueled market sentiment.
Simultaneously, XRP Ledger has also been on the investors’ radar lately. Recently, a former Ripple executive highlighted Ripple’s key strategy that could boost the XRL Ledger revenue by 400X. This comment has sparked discussions in the market while showcasing the bullish outlook of the experts towards the project.
ONDO & XRP Price Soars
Following the announcement from Ondo Finance, ONDO price jumped nearly 5% to $1.37, reflecting the announcement’s positive impact on the investors’ sentiment. Notably, the crypto has touched a 24-hour low of $1.27. Besides, ONDO Futures Open Interest rose 4% to $441.18 million, indicating the bullish sentiment in the market.
Simultaneously, Ripple’s native crypto, XRP price rose nearly 9% at the same time to $3.15. Besides, market experts also anticipate the rally to continue for the crypto. Besides, former Ripple executive Sean McBride recently hinted towards upcoming positive news from the XRP Community Day, which might further fuel the already positive market sentiment.
- LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus
- ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
