.png){kind=logo}
Ondo Finance is rolling out its tokenized US Treasury product, OUSG, on the XRP Ledger (XRPL). This is a key milestone towards making conventional financial products more accessible using blockchain technology. Institutional investors are now able to invest in US government bonds in a more flexible and timely manner.
The launch employs Ripple’s business-grade stablecoin, RLUSD, for settlement. This enables eligible investors to mint or redeem OUSG tokens around the clock, day or night, eliminating the necessity of waiting for conventional banking hours.
This is a significant enhancement for institutions that need to optimize their cash management and react to changes in the market.
OUSG’s debut on XRPL begins with a bang, having $30 million worth of total value locked (TVL). The product provides investors access to short-term US Treasury instruments, which are regarded as secure and dependable.
OUSG invests in funds by top institutions like BlackRock’s BUIDL and Franklin Templeton’s FOBXX, providing investors with a solid platform for returns.
Also Read: XRP's Path to $3: Is a Rally Possible Amid Market Challenges?
Ripple’s RLUSD was first created for quick cross-border payments. With this launch, its application is growing into investing in assets and gaining access to funds. By serving as the principal instrument to mint and redeem OUSG, RLUSD is finding itself playing a central role in transitioning traditional financial products onto the blockchain.
OUSG is currently among the leading tokenized Treasuries available in the market, boasting over $690 million in TVL. Ondo Finance, the firm that develops it, has over $1.3 billion locked in its entire platform. The product now supports Ethereum, Solana, and XRP Ledger, indicating Ondo’s emphasis on multi-chain support to gain access to more users.
“Bringing OUSG to XRPL with RLUSD as an option for settlement opens up more opportunities for high-quality, on-chain financial products,” commented Justin De Bode, Chief Strategy Officer at Ondo Finance. “This facilitates more institutions to consider investment in real-world assets on blockchain platforms.”
Increasing in number, financial instruments shift towards blockchain, and tokenized assets such as OUSG are becoming easier to access and trust. This launch has shown a working synergy between blockchain and stablecoin, ushering in new options for investors that are faster, cheaper, and ready 24/7 for use.
Ondo’s foray into XRPL could then be the mould in which global finance molds during its next evolutionary phase.
