Ripple and Ondo Finance have partnered to bring Ondo Short-Term U.S. Government Treasuries (OUSG) to the XRP Ledger (XRPL), backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
Institutional investors can seamlessly mint and redeem OUSG 24/7 using Ripple USD (RLUSD), a stablecoin designed for enterprise use. This initiative builds on Ripple’s previous investment in OpenEden’s TBILL and aims to drive broader adoption of tokenized real-world assets (RWAs) on the XRPL. By leveraging blockchain technology, this collaboration enhances liquidity, efficiency, and transparency in capital markets, aligning with the growing institutional demand for tokenized assets.
OUSG on the XRPL offers institutional-grade security, accessible liquidity, and scalable blockchain infrastructure. Managed with stringent KYC and AML compliance, OUSG provides a reliable onchain investment option backed by short-term U.S. Treasuries. The XRPL’s low fees, high throughput, and built-in compliance features, such as Decentralized Identifiers (DIDs) and onchain credential management, make it an ideal network for institutional adoption. As the tokenized asset market is projected to reach $16 trillion by 2030, this integration positions the XRPL as a leading blockchain for financial institutions seeking to tokenize traditional assets securely.
Ondo Finance has already surpassed $600 million in total value locked (TVL), marking a significant milestone in the tokenized Treasuries space. OUSG enables qualified investors to access instant subscriptions and redemptions, daily interest accruals, and multi-chain availability with low fees. Ripple’s continued investment in the XRPL ecosystem, including innovations such as automated market makers (AMM), decentralized exchanges (DEX), and upcoming features like Multi-Purpose Tokens (MPTs) and a Lending Protocol, reinforces its role as a cornerstone for institutional-grade decentralized finance (DeFi). This collaboration sets the stage for the next evolution of onchain capital markets, making institutional DeFi more accessible and efficient.
