Ripple and Ondo Finance have introduced the first-ever tokenized U.S. Treasuries on the XRP Ledger (XRPL), representing a major advancement in on-chain institutional finance. The collaboration leverages Ondo Finance’s OUSG token, which is backed by BlackRock’s BUIDL fund and enables 24/7 access to U.S. Treasury yields.
The OUSG token facilitates seamless minting and redemption through the RLUSD stablecoin, enhancing liquidity and market efficiency. This integration provides robust cross-market utility and positions XRPL as a leading platform for compliant, institutional-grade tokenized finance solutions.
Ondo Finance currently manages over $1.3 billion in total value locked (TVL) across platforms, with the OUSG token on XRPL alone exceeding $670 million in TVL. The tokenization market is projected to reach $19 trillion by 2033 according to joint analysis by Ripple and Boston Consulting Group.
The launch has positively impacted XRP’s market value, with the token currently trading near $2.29. This development is anticipated to drive increased institutional participation in the XRPL ecosystem.