Ondo Finance and Ripple Collaborate to Offer 24/7 U.S. Treasury Token Trading

Ondo Finance and Ripple Collaborate: Launching Tokenized U.S. Treasury Assets on XRP Ledger

The firms said Tuesday that Ondo Finance, a tokenized real-world asset platform, is expanding its offering for institutions by adding its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) backs the Ondo Short-Term US Government Treasuries (OUSG) token, which enables eligible investors to issue and redeem tokens using Ripple’s RLUSD stablecoin almost instantly, 24/7. According to a blog post by Ondo Finance, the deployment is scheduled to go live in the upcoming six months.

Ondo Finance and Ripple Lead the Way in Tokenizing U.S. Treasury Notes

In the quickly expanding field of tokenization of real-world assets (RWA), traditional financial assets like bonds, loans, and funds are represented on a blockchain. In contrast to typical banking plumbing, participants do this in an effort to achieve speedier settlements and greater efficiency. The surge was led by tokenized U.S. Treasury notes, which, according to rwa.xyz data, have more than doubled in value over the last 12 months to reach a $3.5 billion asset class.

For initial liquidity, Ondo Finance and Ripple, the company that created XRP Ledger, both committed seed investments in the coin. The size of the allotment was not disclosed. The news caused ONDO, Ondo Finance’s governance token, to rise 3.97%.

The 24/7 intraday settlement enabled by tokenized assets like OUSG marks a transformative shift in capital flow management, breaking free from traditional trading hours and slow settlements. These low-risk, high-quality liquidity options not only provide better accessibility for investors but also introduce greater stability to blockchain-based markets.

Markus Infanger, a senior vice president of RippleX

For more up-to-date crypto news, you can follow Crypto Data Space.