Ondo finance Launches OUSG on XRP Ledger for Institutional Investors
Ondo Finance has unveiled OUSG,its tokenized U.S. Treasuries, on the XRP Ledger. This rollout marks a significant moment in decentralized finance for institutions. Qualified investors can now use RLUSD, a stablecoin, to mint and redeem OUSG tokens 24/7.
OUSG provides access to low-risk, short-term Treasury bills through tokenized money market funds.The product already holds $30 million on the XRP Ledger and over $670 million across various chains.by operating on XRPL, OUSG offers real-time transactions, improving capital efficiency and cash flow management.
- Instant issuance and redemption using RLUSD
- Enhanced liquidity through Ripple and Ondoās support
- Operates 24/7, unlike traditional banking hours
Markus Infanger, SVP of RippleX, notes that this launch bridges the gap between theory and practice in tokenized finance. āInstitutions can now access high-quality assets like U.S. Treasuries on blockchain with the compliance and efficiency they need,ā he says.
XRPL supports tokenization and decentralized exchanges, making it ideal for asset-backed tokens. With plans for multipurpose tokens and lending protocols, the network is increasingly geared towards institutional use. OUSGās launch follows its availability on Ethereum and Solana,expanding its reach among institutional investors. worldwide,tokenized Treasuries hold over $7 billion in total value locked.
Ondo Financeās efforts in tokenization earned it a spot in the World Economic Forumās report, underscoring its role in driving adoption. for more, visit rippleās blog.
