"XRP Ledger Welcomes Tokenized US Treasury Fund Backed by BlackRock"

XRP Ledger Welcomes Ondo Finance’s Tokenized US Treasury Fund Backed by BlackRock’s BUIDL

The XRP Ledger, a blockchain purpose-built for institutional adoption, is set to welcome an innovative financial solution with the deployment of Ondo Finance’s tokenized U.S. Treasury fund, Ondo Short-Term US Government Treasuries (OUSG).

Ondo Finance, a pioneering blockchain company, has announced plans to launch OUSG on the XRP Ledger within the next six months. This move will give institutional investors on the XRP Ledger access to a secure, compliant, and yield-bearing asset backed by high-quality U.S. Treasuries.

The integration of OUSG on the XRP Ledger introduces several advanced features to support institutional adoption of tokenized assets. Notably, Ondo and Ripple have entered a partnership, committing to providing initial liquidity for OUSG to ensure its adoption on the XRP Ledger. A key feature is the 24/7 minting and redemption of OUSG via Ripple’s RLUSD stablecoin, providing users with continuous liquidity and enhanced financial flexibility.

The XRP Ledger’s low fees, high throughput, and deep institutional ties make it an ideal platform for integrating tokenized real-world assets like OUSG. Its native compliance features, including Decentralized Identifiers (DIDs) and on-chain credential management, provide robust regulatory adherence.

OUSG ensures institutional investors can access a safe, low-risk investment option, backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

Recent milestones highlight the XRP Ledger’s growing significance in institutional finance. Ripple initiated beta testing for the RLUSD stablecoin, setting a precedent for cross-chain financial solutions. OpenEden launched tokenized Treasury bills on the XRP Ledger, backed by Ripple’s $10 million investment, demonstrating the ledger’s capability for hosting large-scale tokenized assets.

Ondo Finance’s growing institutional reach is further solidified with the launch of OUSG. Earlier this year, Ondo pioneered an RWA payment network, emphasizing its dedication to linking blockchain technology with traditional financial practices. By allocating $95 million to BlackRock’s tokenized fund, Ondo reflects its commitment to providing superior on-chain investment alternatives.

The convergence