Ondo Finance has deployed its tokenized U.S. Treasury offering, OUSG, on the XRP Ledger network. Backed by $693 million in U.S. Treasuries, the product leverages Ripple’s RLUSD stablecoin to enable 24/7 minting and redemption for institutional investors, addressing traditional banking hour limitations and enhancing liquidity access. The initial total value locked (TVL) on the XRP Ledger stands at $30 million.
The OUSG token remains accessible on Ethereum and Solana, with its cumulative TVL exceeding $690 million across all platforms. Allocations include positions in BlackRock’s BUIDL and Franklin Templeton’s FOBXX funds. This integration highlights the XRP Ledger’s expanding capability in real-world asset tokenization and aims to accelerate institutional adoption of blockchain-based financial instruments. Ondo Finance’s Chief Strategy Officer emphasized that the deployment significantly enhances institutional access to high-quality onchain financial tools.