Ondo Finance has expanded its institutional-grade asset offerings by launching its short-term US Treasury token, OUSG, onto the XRP Ledger (XRPL).
The integration enables 24/7 subscriptions and redemptions of OUSG directly through Ripple’s RLUSD stablecoin, enhancing accessibility for institutional participants. This deployment marks a significant advancement for real-world asset (RWA) tokenization on XRPL.
Total value locked (TVL) in Ondo’s OUSG token has surged to $670 million, reflecting robust institutional confidence in blockchain-based treasury solutions. The milestone positions Ondo Finance alongside traditional finance giants including BlackRock and Franklin Templeton in the rapidly growing tokenized assets sector.
The development underscores the accelerating convergence between blockchain technology and traditional finance, with XRPL emerging as a strategic blockchain for compliant institutional-grade financial solutions.