Ondo Finance Launches $185M U.S. Treasury Token on XRP Ledger

Coin WorldTuesday, Jan 28, 2025 1:56 pm ET
1min read

Ondo Finance, a pioneering platform for tokenized real-world assets, has announced the launch of its $185 million U.S. Treasury token, OUSG, on the enterprise-focused XRP Ledger network. This strategic move aims to expand the platform's offerings for institutional investors, bridging the gap between traditional finance and the blockchain space.

The OUSG token, backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), enables qualified investors to mint and redeem tokens swiftly using Ripple’s RLUSD stablecoin. The deployment is expected to go live within the next six months. The OUSG token on the XRP Ledger is backed by short-term US Treasuries and complies with regulatory standards, including KYC and AML.

The XRP Ledger's efficient and scalable infrastructure ensures easy access to liquidity and smooth digital asset transactions. This partnership between Ondo Finance and the XRP Ledger network is a significant step towards the wider adoption of tokenized assets in the institutional investment landscape.

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