Ripple and Ondo Finance have partnered to introduce tokenized US Treasuries (OUSG) on the XRP Ledger (XRPL).
This collaboration utilizes Ripple’s RLUSD stablecoin for minting, redeeming, and trading the tokenized treasury assets.
The initiative aims to bridge traditional finance with blockchain technology, providing institutional investors enhanced liquidity and flexibility in treasury management.
Ondo Finance’s CEO characterized the partnership as a significant step toward integrating on-chain markets with conventional financial systems.
The collaboration includes an initial provision of liquidity to support market depth and encourage adoption by institutional participants.
This move aligns with the growing trend of tokenizing traditional financial assets and has the potential to influence broader institutional acceptance of compliant decentralized finance (DeFi) products.