Ondo Finance All Set to Build “Wall Street 2.0” on Ripple’s XRP Ledger
Main Idea
Ondo Finance is collaborating with Ripple to introduce tokenized U.S. Treasuries on the XRP Ledger, aiming to create a 'Wall Street 2.0' for institutional DeFi, leveraging the ledger's reliability for institutional-grade assets.
Key Points
1. Ondo Finance is partnering with Ripple to bring tokenized U.S. Treasuries, such as OUSG, to the XRP Ledger.
2. Ondo CEO Nathan Allman describes the initiative as building a 'Wall Street 2.0', combining traditional finance with decentralized applications (dApps).
3. The XRP Ledger was selected for its 24/7 reliability, a critical requirement for institutional-grade assets.
4. The collaboration is part of a broader trend to enable cross-chain functionality for tokenized assets, with other players like Chainlink and JPMorgan also involved in similar efforts.
Description
Ondo Finance is partnering with Ripple to bring tokenized US Treasuries to the XRP Ledger Ondo CEO Nathan Allman describes the vision as a “Wall Street 2.0” for institutional DeFi The XRP Ledger was chosen for its 24/7 reliability, a key need for institutional-grade assets Ripple recently featured Ondo Finance CEO Nathan Allman in a public discussion about bringing tokenized U.S. Treasuries, like the popular OUSG, to the XRP Ledger . The conversation is part of a bigger trend in the industry to ...
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